455 E 10th Ave, Hialeah, FL 33010

$5,250,000

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List Price
$5,250,000
MLS#
A12025448
Status
ACTIVE
Type
Commercial

Property Description

Positioned in the heart of Hialeah's industrial corridor, 455 E 10th Ave offers a rare opportunity to acquire a functional, well-maintained industrial asset with excellent connectivity to major transportation routes, Miami International Airport, Port Miami, and surrounding business demand. The ±20,983 SF building sits on a ±27,443 SF (0.79 acre) corner lot with two grade level doors, one dock level door, on site parking, and Light Industrial (7100) zoning. Supports a wide range of operational uses including warehousing, distribution, light manufacturing, and storage. Built in 1959, with 19 foot ceilings, 3 phase power, 1 dock height door, and 2 grade level doors. The property will be delivered vacant at closing. With a 40 year structural recertification recently completed and strong owner user or value add potential, the property is priced to align with the lower end of active comparable assets per building SF in this rapidly tightening submarket. The site also presents a compelling redevelopment opportunity, with the ability to build up to 50 residential units across up to 8 floors, making this an ideal target for developers and investors looking to capitalize on Hialeah's continued residential growth.

Additional Information

Days on Market
62
Parcel Number
04-31-17-000-0145
Lot Size
34,718
Address
455 E 10th Ave, Hialeah
Year Built
1959
Section
17

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Listing Courtesy of Trustpoint Realty, LLC., Contact: