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 ±34,718 SF (0.79 acre) corner lot with three grade level doors, 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 (600 amps, 277 volts), one interior loading dock well, and 3 street level access doors. The property is currently vacant, with the prior tenant having recently vacated. 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.

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Property information

Property type

Commercial Sale

Sub-type

Industrial

Year built

1959

Living area

20,983 Sq Ft

Lot size

34,718 Sq Ft

Price / Sq Ft

$250

Days on market

137

Parcel number

04-31-17-000-0145