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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
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Prime Flagler Street frontage in the heart of downtown Miami offers exceptional visibility and is steps from Bayfront Park, Brightline, Brickell, and major tourist destinations that drive constant daily foot traffic. The property is an iconic, irreplaceable historic building from 1936, featuring architectural character that enhances brand presence and the customer experience. It offers turnkey food and beverage and retail infrastructure with existing commercial kitchens, bar build-outs, and modern systems, making it ideal for restaurant, hospitality, or experiential concepts. Multiple floors can be delivered vacant, allowing tenants the flexibility to design, brand, and open quickly with minimal downtime. The asset is positioned within a $30 million Flagler Street streetscape revitalization that is transforming the corridor into downtown’s premier pedestrian retail and dining destination. The area is supported by strong population and tourism growth, creating a true 24/7 consumer base of residents, office workers, hotel guests, and cruise passengers.
Fully built out as a multi-tenant food hall featuring a central bar, kiosks, kitchen space and restrooms.
Fully built out as a multi-tenant food hall featuring a central bar, kiosks, kitchen space and restrooms.
This turnkey rooftop restaurant opportunity features a fully built-out food and beverage space in the heart of downtown Miami. The venue offers approximately 130 total seats, including 70 interior seats and 60 exterior seats with sweeping skyline views. The fully equipped kitchen layout includes walk-in coolers, a dedicated dishwasher room, service zones, and an outdoor bar designed for efficient operations. Located in Miami’s Flagler District, the property is surrounded by Brightline, Bayside, Kaseya Center, and Miami Worldcenter. The space benefits from high visibility and strong foot traffic driven by the Flagler Street redevelopment and nearby cultural landmarks. Two ADA-compliant restrooms are included, featuring both family and unisex layouts with stylish finishes. This space is well suited for elevated concepts such as rooftop dining, lounges, or experiential hospitality brands.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,296 SF | Restaurant | - | Now |
| 2nd Floor | 7,112 SF | Restaurant | - | Now |
| 3rd Floor | 7,083 SF | Restaurant | - | Now |
| Rooftop | 4,826 SF | Restaurant | In-Line | Now |
1st Floor
| Size |
| 8,296 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 7,112 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 7,083 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Rooftop
| Size |
| 4,826 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 8,296 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Prime Flagler Street frontage in the heart of downtown Miami offers exceptional visibility and is steps from Bayfront Park, Brightline, Brickell, and major tourist destinations that drive constant daily foot traffic. The property is an iconic, irreplaceable historic building from 1936, featuring architectural character that enhances brand presence and the customer experience. It offers turnkey food and beverage and retail infrastructure with existing commercial kitchens, bar build-outs, and modern systems, making it ideal for restaurant, hospitality, or experiential concepts. Multiple floors can be delivered vacant, allowing tenants the flexibility to design, brand, and open quickly with minimal downtime. The asset is positioned within a $30 million Flagler Street streetscape revitalization that is transforming the corridor into downtown’s premier pedestrian retail and dining destination. The area is supported by strong population and tourism growth, creating a true 24/7 consumer base of residents, office workers, hotel guests, and cruise passengers.
2nd Floor
| Size | 7,112 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Fully built out as a multi-tenant food hall featuring a central bar, kiosks, kitchen space and restrooms.
3rd Floor
| Size | 7,083 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Fully built out as a multi-tenant food hall featuring a central bar, kiosks, kitchen space and restrooms.
Rooftop
| Size | 4,826 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
This turnkey rooftop restaurant opportunity features a fully built-out food and beverage space in the heart of downtown Miami. The venue offers approximately 130 total seats, including 70 interior seats and 60 exterior seats with sweeping skyline views. The fully equipped kitchen layout includes walk-in coolers, a dedicated dishwasher room, service zones, and an outdoor bar designed for efficient operations. Located in Miami’s Flagler District, the property is surrounded by Brightline, Bayside, Kaseya Center, and Miami Worldcenter. The space benefits from high visibility and strong foot traffic driven by the Flagler Street redevelopment and nearby cultural landmarks. Two ADA-compliant restrooms are included, featuring both family and unisex layouts with stylish finishes. This space is well suited for elevated concepts such as rooftop dining, lounges, or experiential hospitality brands.
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-0112-000-1030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,436,960 |
Property Taxes
Presented by
200 Flagler | 200 E Flagler St
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