205 W 22nd St, Hialeah, FL 33010

ASSET: 205 W 22nd Street is an 11,373 square foot multi-tenant industrial building on a 0.37-acre corner parcel with visibility and frontage (approximately 130 feet) along both W 22nd Street and W 2nd Avenue. The Property offers eight (8) grade-level drive-in Overhead Doors, and one of the vacant end-cap units also offers outdoor storage. Cordovez Body Shop’s unit also features an automotive Paint Booth.

SIGNIFICANT UPSIDE POTENTIAL: The Property will be delivered vacant, offering an investor a number of repositioning opportunities. The Property has five vacant units totaling 11,373 SF comprised of two (2) 947 square foot units (one is an end-cap unit), one 1,896 square foot unit (formerly a restaurant), a 3,791 square foot unit formerly occupied by a body shop with an automotive paint booth, and a 3,792 square foot end-cap unit. The vacant spaces are versatile and can be reconfigured to combine or subdivide suites to accommodate a larger pool of tenants.

ZONING: The Property is zoned M1 Industrial District, one of the most versatile and desirable Industrial designations in Hialeah. Permitted uses in M-1 include a wide range of industrial, manufacturing, and commercial operations. Some of the key uses allowed are: light manufacturing, self-storage facilities; refrigerated warehousing and storage; commercial bakeries; food preparation and processing; printing shops; automotive body shops, painting, mechanical repair; facilities for vessel repair or marine-related work; radio and television transmitters; transfer companies; and more. Commercial uses are also partly allowed, including those permitted in the C-2 (Liberal Retail Commercial) and C-3 (Extended Liberal Commercial) districts, with some restrictions.

STRATEGIC LOCATION: The Property is well located at the intersection of W 22nd Street and W 2nd Avenue in an industrial district in the center of Hialeah. The Property is positioned between Miami International Airport (4.4 miles) and Miami-Opa Locka Executive Airport (5.4 miles) and enjoys convenient access to the area’s primary roadways including SR Routes 823, 934, 953, 932, and 9, US Route 27, Interstate 95 and the Florida Turnpike. The Property is seconds from the Hialeah Park Casino and is a short drive from Miami.

WORKFORCE: One of Miami-Dade’s strongest assets is its unique multilingual, multicultural workforce, which provides a strong foundation for companies doing business in the Caribbean, Central America, South America, Europe, Asia, the Middle East and other global business centers. The metropolitan region’s labor market is equally diverse, ranging from financial services and technology to wholesale and trade, agriculture and even mining. Thanks to its broadly based, internationally oriented economy, Miami-Dade has a large pool of skilled and unskilled workers in almost every industry segment.

STRONG DEMOGRAPHICS: An impressive 179,300+ people live within a 3-mile radius of the Property with an average household income of $78,936. Over 496,900 people live within 5 miles of the Property with an average household income of $76,719. Additionally, there are more than 126,700 employees within a 3-mile radius of the property.

HIGH TRAFFIC COUNTS: More than 27,100 vehicles per day pass near the Property along W 21st Street (SR 934). Additionally, more than 32,400 vehicles pass nearby the Property along Red Road (SR 823).