INVESTMENT HIGHLIGHTS

• An exceptional value-add investment opportunity: a 1982-built Holiday Inn with an opportunity to build on excess land The property is absentee owned, and is currently ranked 6 out of 7 in its competitive set, providing a unique advantage in operational upside. This property is a perfect fit for both first-time hotel owners and experienced hoteliers seeking a value-add opportunity. 4.39 acres zoned B2, multifamily - live local act, retail, office, healthcare, or hospitality, with convertible excess parking

Developmental Potential

• THE PERMITTED USES INCLUDE A VARIETY OF COMMERCIAL AND SERVICERELATED ACTIVITIES: Retail stores, major department stores, and regional shopping centers. Banking, financial establishments, and office parks. Entertainment facilities, such as theaters and recreation centers. Lodging establishments, including hotels and motels. Restaurants, fast food establishments, and liquor package stores. Public services, utility uses, hospitals, and rehabilitation centers. Specialized services such as fitness clubs, fraternal lodges, and funeral homes. Trade schools, commercial schools, and places of worship. Automobile parking garages (limited to three stories).
• KEY IMPLICATION: The flexibility of permitted uses allows a wide range of development options, from retail and office spaces to hospitality and entertainment venues. OFF-STREET PARKING REQUIREMENTS The document outlines strict guidelines for off-street parking, including: GENERAL STANDARDS: Standard parking spaces must be 9 ft wide by 19 ft long. Parallel parking spaces must be 9 ft wide by 23 ft long. Access drives must have a minimum width of 12 ft for one-way and 24 ft for two-way. All parking areas must be paved and adequately maintained. Parking lots must be landscaped and lighted, with proper signage and markings.
• SPECIFIC REQUIREMENTS BY USE TYPE: Hotels/motels require 1.1 spaces per room. Retail, grocery stores, and banks require 1 space per 250 square feet. Restaurants require 0.3 spaces per seat or 1 space per 150 square feet (whichever is greater). SPECIAL PROVISIONS: Parking for persons with disabilities, bicycles, and specific conditions for parking variances are also detailed. KEY IMPLICATION: Ensuring sufficient parking that meets these requirements will be crucial in planning any development on the land, particularly if hospitality, retail, or entertainment facilities are included.

Market Overview

• Hialeah, FL Hialeah is a city in Miami-Dade County nestled in the center of Miami, Florida. With a population of approximately 223,000, Hialeah is the 6th largest city in Florida. Positioned strategically in northwest Dade, Hialeah enjoys excellent transportation access with major thoroughfares like I-75, Palmetto Expressway, Florida Turnpike, and U.S. 27 nearby, ensuring that residents are just about 20 minutes away from anywhere in the county. The city borders Opa-Locka, Miami, and Miami Lakes, providing direct access to Opa-Locka Airport and Miami International Airport. Hialeah is well-served by the Miami Metrorail and Tri-Rail/Metrorail Transfer stations, along with its transit buses, enhancing transportation services city-wide.The community is heavily bonded by annual festivals such as the Art on Palm Festival, Eggstravaganza, the Independence Day Celebration, and Santa’s Snowblast. Hialeah offers a wide range of activities to its residents.
• Miami, FL Located in the heart of southeastern Florida, Miami is a vibrant city with a distinct international appeal. Downtown Miami has one of the largest concentrations of international banks in the United States and is home to many large national and international companies. The Civic Center is a major center for hospitals, research institutes, medical centers, and biotechnology industries. For more than two decades, the Port of Miami, known as the “Cruise Capital of the World”, has been the number one cruise passenger port in the world. It accommodates some of the world’s largest cruise ships and operations and is the busiest port in both passenger traffic and cruise lines. Metropolitan Miami is also a major tourism hub in the southeastern U.S. for international visitors, ranking number two in the country after New York City. Miami is a major port city on the Atlantic coast of South Florida. Located in Miami-Dade County, Miami is the most populous city in the metropolitan area.