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$ 5,100,000
Est. payment /mo
New
4735 W Flagler St Miami, FL 33134
7,549 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,549 sqft
Price per Sqft $675
MLS Listing ID A12065127
HOA Y/N No
Year Built 1946
Annual Tax Amount $49,756
Lot Size 0.595 Acres
Property Sub-Type Retail
Property Description
Fully occupied retail strip center with direct Flagler Street frontage in the expanding West Flagler submarket, minutes from Little Havana. Strong value add potential: in place rents are below market, five tenants are on month to month terms, and two leases expire in 2026, giving a new owner a clear path to reset rents. Additional upside available by converting gross leases to NNN and passing water and trash costs to tenants. Approximately 38,000 vehicles per day along Flagler provide excellent exposure, and small retail bays in this corridor stay in high demand with limited supply. Location may also support future redevelopment, including possible Live Local Act incentives. T6-8-O Zoning. Buyer to verify all information. Immediate cash flow with multiple ways to grow NOI in one of Miami's most established retail corridors.
Location
State FL
County Miami-dade
Area 41
Exterior
Total Parking Spaces 30
Private Pool Yes
Building
Story 1
Level or Stories One
Others
Tax ID 01-41-06-036-0020
Acceptable Financing Cash, Owner May Carry, Other
Listing Terms Cash, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12065127
Listed by Miami New Realty