1133-1165 W 29th St
Hialeah, FL 33012
Hialeah Retail Strip · Commerce de détail Propriété À vendre

Marcus & Millichap is pleased to present the opportunity to acquire a fully occupied multi-tenant retail center located at 1165 W 29th Street in Hialeah, Florida. O?ered at $2,550,000, the property consists of an 8,525-square-foot retail building situated on a 27,000-square-foot parcel. The asset is being o?ered at a 5.73% capitalization rate based on the current net operating income and presents a compelling opportunity to increase cash ?ow over time as leases expire and rents are repositioned to market levels.
Built in 1963, the property is con?gured into eleven 775 square-foot bays and is currently occupied by nine established neighborhood tenants, creating a diversi?ed and stable income stream. Eight of the nine tenants have operated at the property for more than 10 years, with several maintaining occupancy for over 15 years, underscoring the center's exceptional tenant retention and long-term desirability. The property provides 32 surface parking spaces, representing a parking ratio of 3.72 spaces per 1,000 square feet, and is zoned C-2, allowing for a broad range of retail and service-oriented uses.
The property's greatest strength is its location within the Hialeah submarket—one of the most densely populated and supply-constrained retail markets in Florida. Home to more than 220,000 residents within approximately 24 square miles, Hialeah o?ers one of the largest concentrations of consumers in South Florida, creating consistent demand for neighborhood retail centers. The surrounding area is characterized by a dense residential population, an established commercial corridor, and a limited supply of available retail space due to a lack of developable land. These market fundamentals have historically supported strong occupancy, resilient tenant demand, and long-term rental growth, making Hialeah one of Miami-Dade County's most sought-after investment submarkets.
With stable in-place cash ?ow, exceptional long-term tenancy, a highly functional small-bay layout, and embedded rental upside, 1165 W 29th Street presents investors with the opportunity to acquire a well-positioned neighborhood retail asset in one of South Florida's strongest in?ll markets. The combination of durable cash ?ow, limited future
competition, and long-term appreciation potential makes this an attractive investment opportunity for investors.