$5,200,000
8,959 sqft
1000-1008 SW 8th St, Miami, FL 33130
1 / 17
4735 W Flagler St, Miami, FL 33134
$4,700,000— Beds— Baths
Miami, FL 33134
Status
Active
Type
Retail
Year Built
1946
Days on Market
52
Lot Size
25,928 sqft
MLS #
A12065127
About This Home
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.
Property Details
- Parking Features
- Free Parking
Building & Association
- Stories
- 1
- Stories Total
- 1
- Association
- No
Lot & Construction
- Lot Features
- City Location, Corner Lot, Near Airport, Shopping Center
- Lot Size Square Feet
- 25,928
- Waterfront
- No
- View
- No
- New Construction
- No
Public Records
- Parcel Number
- 01-41-06-036-0020
- Tax Annual Amount
- $49,756
- Zoning
- 6100
- County Or Parish
- Miami-Dade County
Location
Courtesy of Miami New Realty
