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14 NE 1st Ave - One Flagler 1,158 - 1,484 SF Office Condo Units Offered at $425,000 - $625,000 Per Unit in Miami, FL 33132
Investment Highlights
- Great Central Location
- Ample Natural Light
Executive Summary
One Flagler is a fully renovated office condominium building ideally located in the heart of Downtown Miami’s central business district, directly along the rapidly transforming Flagler corridor. Originally designed by renowned architect Morris Lapidus, the building blends classic Miami architectural character with modernized office interiors and common areas. The property offers businesses and investors a prime urban location within walking distance to the Miami-Dade Courthouse, Brightline, Metromover stations, Biscayne Boulevard, Bayfront Park, and the Brickell Financial District. The building has benefited from significant renovations and continues to gain value from the ongoing redevelopment and revitalization of Downtown Miami and Flagler Street. One Flagler is well-suited for professional firms, creative companies, and owner-users seeking a centrally located office environment with strong accessibility, urban convenience, and long-term growth potential in one of Miami’s most dynamic and evolving markets.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 01-4137-074-0240 |
| Cap Rate | 5.59% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.59% |
| APN/Parcel ID | 01-4137-074-0240 |
Description
Beautifully renovated corner office featuring a formal reception area, three private offices, a conference room, storage room, and kitchenette. The space offers a modern and professional aesthetic with floor-to-ceiling windows providing abundant natural light, exposed ceilings for a contemporary loft-style feel, and elegant wood flooring throughout. An ideal layout for a wide range of professional users seeking a turnkey office environment in the heart of Downtown Miami.
Sale Notes
The unit is currently leased at $3,550 per month to an established law firm that has occupied the space for nearly 10 years, providing stable and reliable tenancy. The current lease expires at the end of November, with the tenant historically renewing on a year-to-year basis.
This makes the property an excellent opportunity for investors seeking immediate rental income while benefiting from the continued growth, redevelopment, and appreciation of Downtown Miami driven by the area’s ongoing wave of new residential, commercial, and mixed-use projects.
At the same time, the flexible lease structure also creates an ideal opportunity for a future owner-user looking to secure a well-located office space for their own business operations in one of Miami’s most rapidly evolving urban markets.
This makes the property an excellent opportunity for investors seeking immediate rental income while benefiting from the continued growth, redevelopment, and appreciation of Downtown Miami driven by the area’s ongoing wave of new residential, commercial, and mixed-use projects.
At the same time, the flexible lease structure also creates an ideal opportunity for a future owner-user looking to secure a well-located office space for their own business operations in one of Miami’s most rapidly evolving urban markets.
| Sale Type | Investment | APN/Parcel ID | 01-4137-074-1070, 01-4137-074-1060 |
| Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| APN/Parcel ID | 01-4137-074-1070, 01-4137-074-1060 |
Description
Discover a beautifully designed 1,484-square-foot office suite in the iconic One Flagler Building, ideally located in the heart of Downtown Miami. This fully built-out space features four private offices, a modern kitchenette, and an open layout with exposed ceilings. Enjoy floor-to-ceiling windows that flood the space with natural light. Perfect for creative teams, professional services, or boutique firms seeking a balance of style, function, and location. Located steps away from Brickell, Biscayne Boulevard, and the Miami River, One Flagler offers unmatched connectivity, convenience, and prestige in one of Miami’s most recognized office addresses.
Sale Notes
Currently leased under a three-year agreement, the property provides immediate and stable rental income, making it an ideal asset for investors seeking both cash flow and long-term appreciation potential.
Strategically positioned within the ongoing transformation of Downtown Miami and the revitalization of the Flagler corridor, the office stands to benefit from the continued growth and redevelopment of the surrounding area, including new residential, commercial, and mixed-use projects that are reshaping the urban core. A rare opportunity to acquire a well-positioned office asset in one of Miami’s most promising growth markets.
Strategically positioned within the ongoing transformation of Downtown Miami and the revitalization of the Flagler corridor, the office stands to benefit from the continued growth and redevelopment of the surrounding area, including new residential, commercial, and mixed-use projects that are reshaping the urban core. A rare opportunity to acquire a well-positioned office asset in one of Miami’s most promising growth markets.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 300 | 1,158 SF | Office | $425,000 ($367.01/SF) | $23,750 |
| Unit 800 | 1,484 SF | Office | $625,000 ($421.16/SF) | $31,250 |
Unit 300
| Unit Size |
| 1,158 SF |
| Condo Use |
| Office |
| Price |
| $425,000 ($367.01/SF) |
| NOI |
| $23,750 |
Unit 800
| Unit Size |
| 1,484 SF |
| Condo Use |
| Office |
| Price |
| $625,000 ($421.16/SF) |
| NOI |
| $31,250 |
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Unit 300
| Unit Size | 1,158 SF |
| Condo Use | Office |
| Price | $425,000 ($367.01/SF) |
| NOI | $23,750 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.59% |
| APN/Parcel ID | 01-4137-074-0240 |
| Description | |
| Beautifully renovated corner office featuring a formal reception area, three private offices, a conference room, storage room, and kitchenette. The space offers a modern and professional aesthetic with floor-to-ceiling windows providing abundant natural light, exposed ceilings for a contemporary loft-style feel, and elegant wood flooring throughout. An ideal layout for a wide range of professional users seeking a turnkey office environment in the heart of Downtown Miami.</li></ul> | |
| Sale Notes | |
| The unit is currently leased at $3,550 per month to an established law firm that has occupied the space for nearly 10 years, providing stable and reliable tenancy. The current lease expires at the end of November, with the tenant historically renewing on a year-to-year basis.<br> <br> This makes the property an excellent opportunity for investors seeking immediate rental income while benefiting from the continued growth, redevelopment, and appreciation of Downtown Miami driven by the area’s ongoing wave of new residential, commercial, and mixed-use projects.<br> <br> At the same time, the flexible lease structure also creates an ideal opportunity for a future owner-user looking to secure a well-located office space for their own business operations in one of Miami’s most rapidly evolving urban markets.</li></ul> |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 800
| Unit Size | 1,484 SF |
| Condo Use | Office |
| Price | $625,000 ($421.16/SF) |
| NOI | $31,250 |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| APN/Parcel ID | 01-4137-074-1070, 01-4137-074-1060 |
| Description | |
| Discover a beautifully designed 1,484-square-foot office suite in the iconic One Flagler Building, ideally located in the heart of Downtown Miami. This fully built-out space features four private offices, a modern kitchenette, and an open layout with exposed ceilings. Enjoy floor-to-ceiling windows that flood the space with natural light. Perfect for creative teams, professional services, or boutique firms seeking a balance of style, function, and location. Located steps away from Brickell, Biscayne Boulevard, and the Miami River, One Flagler offers unmatched connectivity, convenience, and prestige in one of Miami’s most recognized office addresses.</li></ul> | |
| Sale Notes | |
| Currently leased under a three-year agreement, the property provides immediate and stable rental income, making it an ideal asset for investors seeking both cash flow and long-term appreciation potential.<br> <br> Strategically positioned within the ongoing transformation of Downtown Miami and the revitalization of the Flagler corridor, the office stands to benefit from the continued growth and redevelopment of the surrounding area, including new residential, commercial, and mixed-use projects that are reshaping the urban core. A rare opportunity to acquire a well-positioned office asset in one of Miami’s most promising growth markets.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Kitchen
- Reception
- Roof Terrace
- Air Conditioning
- Balcony
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
1 of 116
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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14 NE 1st Ave - One Flagler
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