4735 W Flagler St, Miami FL 33134
Miami, FL 33134
$4,700,000
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- Price
- $4,700,000
- Building size
- 7,549
- Property type
- Retail
- Year built
- 1946
- Lot size (sq ft)
- 25,928
- MLS number
- A12065127
This listing is courtesy of Miami New Realty, 305-485-3100.
About this property
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.
Details
- Property type
- Retail
- Year built
- 1946
- Lot size (sq ft)
- 25,928
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC