Retail Property Sales Lighting Up in Hialeah
The commercial property market in Hialeah just keeps getting hotter. Cervera R.E. Ventures just paid $11.3 million for a property it intends to renovate at 3800 West 12th Avenue, its first acquisition in the city of Hialeah, according to sources. The sales price for this two-story retail plaza, built in 1984 and sitting on just under 3 acres of land fronting Ludlam Road, reportedly works out to about $150 per square foot. Like many properties of this type in Hialeah, its tenancy is a mix of restaurants, small medical offices, and varied storefront tenants, a beauty salon, a dance studio, a karate studio, even a day care.