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 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, and 3 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.
455 E 10th Ave, Hialeah, FL, 33010
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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