The Palm Avenue Apartments is a 16-unit apartment building consisting of 15 studios ranging in size from 280 to 340 square feet and a one-bedroom/one-bathroom apartment which is 508 square feet. It is a one-story building with a total of 5,436 livable square feet. The landlord pays for water, sewer, trash and electric and the building has secured entrances and updated kitchens and bathrooms. The property was originally developed in 1947 and is situated on a .31-acre lot which falls into the Extended Hialeah Downtown Urban Center District (EHDUC).
The property is located at 1015 Palm Avenue which is on the corner of Palm Avenue and West 10th Street. The property is in a residential neighborhood made up of low-density apartment buildings and single-family homes. The property is located a few blocks north of downtown Hialeah and the intersection of Palm Avenue and Okeechobee Road. In the immediate area is the Babcock Park which is an 18.5 acre city park with a playground, basketball courts, swimming pool, tennis courts and recreation building. There is also the South Hialeah Elementary School a few blocks south of the subject property, which has an enrollment of 920 students.
The Palm Avenue Apartments site is located within the EHDUC and has a zoning of Commercial-Residential District (CR). The subject property’s zoning allows for a wide range of possible uses for the property including mixed use, retail and hotel or motel use which would require very little renovation if an investor wanted to change the use.
