3553 W 76th St - Storefront Retail/Office FOR SALE


Hialeah, FL 33018
$6,030,000 USD
786-522-7027
3553 W 76th St, Hialeah, FL for Sale
$6,030,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 6.11% Cap Rate

3553 W 76th St
Hialeah, FL 33018


HIGHLIGHTS

  • Rare Modern Construction - Built in 2004, this asset stands out in a market dominated by 1970s-era retail inventory
  • Exceptional Population Density - Exceptional population density with over 28,000 people within a 1-mile radius, driving long-term economic viability.
  • Attractive Multi-Tenant Layout - Features 14 bays averaging 867 SF each. Several tenants occupy multiple bays, with potential to reconfigure
  • Ample Parking - With 61 spaces, it offers a generous ratio of 5 spaces per 1,000 SF
  • Less than 1-mile from Residences & Shoppes of Highland, a mixed-use development that entails a 190,000 SF Publix Anchored retail center and 244 Apts.
  • Long Term Tenancy - 6 of 8 tenants in place for 8+ years, supporting reliable in-place income.

OVERVIEW

Marcus & Millichap is pleased to present the sale of Centro Canarias Plaza, located at 3553 W 76th St, Hialeah, FL 33018. The multi-tenant strip center consists of 12,145 SF of net leasable area sitting on a 43,560 SF lot. This property offers a rare opportunity to acquire a modern 2004 construction, a notable find in an area where most retail properties were built in the 1970s. The property features 8 fully leased bays, with several tenants occupying multiple units. This layout offers future flexibility for reconfiguration to enhance tenancy mix and rental income. Notably, 6 of the 8 tenants have been at the center for over 8 years, reflecting long-term stability and tenant satisfaction. The property also boasts ample parking, featuring 61 spaces and a generous ratio of 5 spaces per 1,000 SF. With an exceptional population density of over 28,000 people within a 1-mile radius, this location ensures long-term economic viability. Situated in a rapidly growing area of Hialeah, this offering presents a prime investment opportunity, It’s strategically positioned less than a mile from the Residences and Shoppes of High mixed-use development, a mixed-use development that includes a 190,000-square-foot Publix-anchored retail center and 244 residential apartments.

FOR SALE DETAILS

PRICE

$6,030,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

6.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centro Canarias Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-3-3

APN/PARCEL ID

04-2028-096-0020

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.