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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1946
Sq.Footage
7,549
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(square feet)
25,928
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$5,100,000
-
Tax Amount
$49,756
-
Zoning
6100
-
Sq. Footage
7,549
-
Price/SqFt
$675
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Madelin Estupinan LLC , Miami New Realty
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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