Basics
- Category: CommercialSale
- Type: Retail
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 25928, 25928 sq ft
- Year built: 1946
- County: Miami-Dade
- MLS ID: A12065127
Description
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Description:
PARKERS FLAGLER HEIGHTS PB 18-32 LOTS 5 THRU 12 BLK 1 LOT SIZE 25928 SQ FT OR 18774-0020 0899 1 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.
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Building Details
- Structure Type: Retail
- Covered Spaces: 0
- Levels: One
Amenities & Features
- Parking Features: AccessibleParking,FreeParking
- Parking Total: 30
Expenses, Fees & Taxes
- Tax Annual Amount: $49,756
Miscellaneous
- List Office Name: Miami New Realty
- Listing Terms: Cash,OwnerMayCarry,Other
Ask our real estate expert about this property
This Retail-type commercial real estate is located in 4735, Flagler St, Miami, FL, 33134 was built in 1946, and is listed at $5,100,000.