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200 Flagler 200 E Flagler St 48,205 SF 90% Leased Retail Building Miami, FL 33131 For Sale

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INVESTMENT HIGHLIGHTS

  • Historic landmark: 1936/37 Walgreens Building; National Register of Historic Places
  • Multi-level concept: Floors 1–3 food hall, Floors 4–5 office/coworking, rooftop, basement speakeasy/music bar
  • Upside / incentives: 10-year historic tax abatement + remaining TDD/TDR potential
  • 2024 repositioning: renovated + reintroduced as food hall & entertainment destination
  • Prime Downtown Miami corner: E Flagler St & SE 2nd Ave; Walk Score 96 / Transit Score 100

EXECUTIVE SUMMARY

Located at the epicenter of Downtown Miami, 200 Flagler—situated at 200 E Flagler Street—stands as a distinguished five-story Art Deco landmark originally constructed in 1936 as the historic Walgreens Building. Listed on the National Register of Historic Places, this architectural icon was thought fully repositioned in 2024 into a vibrant food hall and entertainment destination. Today, 200 Flagler presents a rare opportunity town a reimagined historic asset at the very heart of Miami’s urban core—blending cultural heritage with modern activation potential. For the right operator or investor, the property offers exceptional scalability and the ability to drive both sustained foot traffic and meaningful income potential.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
48,205 SF
Building Class
B
Year Built
1937
Percent Leased
90%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
5.29
Lot Size
0.21 AC
Zoning
CBD, 6401 - High-density mixed-use development including commercial, residential, and office uses in downtown Miami.

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Rooftop
  • 4,826 SF
  • Restaurant
  • In-Line
  • Now

• TURNKEY ROOFTOP RESTAURANT OPPORTUNITY – FULLY BUILT-OUT F&B SPACE IN THE HEART OF DOWNTOWN MIAMI •1 30 TOTAL SEATS – 70 INTERIOR + 60 EXTERIOR WITH BREATHTAKING SKYLINE VIEWS • FULLY EQUIPPED KITCHEN LAYOUT – INCLUDES WALK-IN COOLERS, DISHWASHER ROOM, SERVICE ZONES, AND OUTDOOR BAR • LOCATED IN MIAMI’S FLAGLER DISTRICT – SURROUNDED BY BRIGHTLINE, BAYSIDE, KASEYA CENTER, AND MIAMI WORLDCENTER • HIGH VISIBILITY & FOOT TRAFFIC – BENEFIT FROM THE FLAGLER STREET REDEVELOPMENT AND NEARBY CULTURAL LANDMARKS • TWO ADA-COMPLIANT RESTROOMS – FAMILY AND UNISEX RESTROOMS WITH STYLISH FINISHES • PERFECT FOR ELEVATED CONCEPTS – IDEAL FOR ROOFTOP DINING, LOUNGES, OR EXPERIENTIAL HOSPITALITY BRANDS

Space Size Space Use Position Available
Rooftop 4,826 SF Restaurant In-Line Now

Rooftop

Size
4,826 SF
Space Use
Restaurant
Position
In-Line
Available
Now

Rooftop

Size 4,826 SF
Space Use Restaurant
Position In-Line
Available Now

• TURNKEY ROOFTOP RESTAURANT OPPORTUNITY – FULLY BUILT-OUT F&B SPACE IN THE HEART OF DOWNTOWN MIAMI •1 30 TOTAL SEATS – 70 INTERIOR + 60 EXTERIOR WITH BREATHTAKING SKYLINE VIEWS • FULLY EQUIPPED KITCHEN LAYOUT – INCLUDES WALK-IN COOLERS, DISHWASHER ROOM, SERVICE ZONES, AND OUTDOOR BAR • LOCATED IN MIAMI’S FLAGLER DISTRICT – SURROUNDED BY BRIGHTLINE, BAYSIDE, KASEYA CENTER, AND MIAMI WORLDCENTER • HIGH VISIBILITY & FOOT TRAFFIC – BENEFIT FROM THE FLAGLER STREET REDEVELOPMENT AND NEARBY CULTURAL LANDMARKS • TWO ADA-COMPLIANT RESTROOMS – FAMILY AND UNISEX RESTROOMS WITH STYLISH FINISHES • PERFECT FOR ELEVATED CONCEPTS – IDEAL FOR ROOFTOP DINING, LOUNGES, OR EXPERIENTIAL HOSPITALITY BRANDS

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

CrossFit
Starbucks
Whole Foods
Chase Bank
Ocean Bank
Regions Bank
Amerant Bank
Bank of America
First American Bank
The Capital Grille

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-0112-000-1030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,436,960
  • Listing ID: 39066569

  • Date on Market: 1/13/2026

  • Last Updated:

  • Address: 200 E Flagler St, Miami, FL 33131

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