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Flagler Street Assemblage 2 Retail Properties Offered at $2,650,000 in Miami, FL
Investment Highlights
- Flagler Street Frontage
- Prime Location
- T6-8-O - Highest Density Zoning
- Development Upside
Executive Summary
Flagler Street Assemblage – A rare opportunity to acquire a partially leased, income-producing retail assemblage located on Flagler Street, one of Miami’s most active and strategic commercial corridors. Situated in the heart of Little Havana, this ±12,000 SF site is positioned in a rapidly growing neighborhood surrounded by major employment centers, including Downtown Miami, Brickell, and the Health District.
The Site consists of Five storefront retail units, two spaces are currently leased to a dry cleaner and a variety store. Each paying $3,000/month, generating a total annual NOI of $65,500. This setup provides stable, diversified income with near-term upside potential. Zoned T6-8-O, the site allows for the development of up to 41 residential units by right and mixed-use up to 8 stories, making it an excellent candidate for future redevelopment while collecting strong in-place income. This is a prime opportunity for investors, developers, and land bankers to secure a well-positioned asset with cash flow today and development potential tomorrow.
The Site consists of Five storefront retail units, two spaces are currently leased to a dry cleaner and a variety store. Each paying $3,000/month, generating a total annual NOI of $65,500. This setup provides stable, diversified income with near-term upside potential. Zoned T6-8-O, the site allows for the development of up to 41 residential units by right and mixed-use up to 8 stories, making it an excellent candidate for future redevelopment while collecting strong in-place income. This is a prime opportunity for investors, developers, and land bankers to secure a well-positioned asset with cash flow today and development potential tomorrow.
Property Facts
| Price | $2,650,000 | Number of Properties | 2 |
| Price / SF | $217.75 / SF | Individually For Sale | 1 |
| Cap Rate | 2.45% | Total Building Size | 12,170 SF |
| Sale Type | Investment | Total Land Area | 0.42 AC |
| Status | Active |
| Price | $2,650,000 |
| Price / SF | $217.75 / SF |
| Cap Rate | 2.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 12,170 SF |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1440 W Flagler St, Miami, FL 33135 | Retail | 7,600 SF | 1955 | - |
| 1432-1436 W Flagler St, Miami, FL 33135 | Retail | 4,570 SF | 1927 | $1,350,000 |
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Flagler Street Assemblage
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