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West Hialeah Shopping Center 1665 W 68th St

15,749 SF 100% Leased Retail Building Hialeah, FL 33014 $4,500,000 ($286/SF) 6.35% Cap Rate

Investment Highlights

  • Two story small bay multi-tenant strip shopping center
  • Desirable City of Hialeah Location
  • Purchase Price: $4.5 million - $285/psf
  • 100% Occupied with NNN Leases at below market rents
  • Traffic count at the intersection exceeds 50,000 vehicles daily

Executive Summary

The sale of the West Hialeah Shopping Center offers a unique opportunity to acquire a 100% occupied, multi-tenant, triple net strip center at a main commercial corridor in the densely populated City of Hialeah. Rent roll and information available upon request.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,749 SF
Building Class
C
Year Built
1975
Price
$4,500,000
Price Per SF
$286
Cap Rate
6.35%
NOI
$285,697
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.47
Land Acres
0.77 AC
Zoning
C-3 - C-3 Liberal Commercial Zoning
Parking
58 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
104 FT on 68th St

Amenities

  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Sedano's
Rent-A-Center
Regions Bank
Publix Food & Pharmacy
Bank of America
Checkers
Eastern National Bank
Presidente Supermarket 2
IGA
YouFit Gyms

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-2026-041-0010
Land Assessment
$1,170,330
Improvements Assessment
$829,670
Total Assessment
$2,000,000
  • Listing ID: 32708271

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 1665 W 68th St, Hialeah, FL 33014

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