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3% Buyer's Broker Commission 4700-4708 W Flagler St 6,900 SF 100% Leased Retail Building Miami, FL 33134 $2,975,000 ($431.16/SF) 7.13% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully leased 11,620-square-foot, two-story retail asset with a single residential tenant, ensuring steady cash flow and strategic upside potential.
  • Pro forma NOI exceeding $212,000 with a 6.5% cap rate, ideal for investors prioritizing yield, stability, and asset appreciation potential.
  • Prime corner location on Flagler Street and SW 47th Avenue with visibility to over 38,000 vehicles daily (VPD) and access to major national retailers.
  • Strong regional demographics support sustained growth, including a population of 562,995 and $5.7B in total consumer spending within 5 miles.

EXECUTIVE SUMMARY

4708 W Flagler Street presents an exceptional opportunity to acquire a two-story, multi-tenant retail asset in Miami’s rapidly growing West Flagler corridor, minutes from the vibrant cultural hub of Little Havana. Spanning 11,620 square feet, the property features a well-configured mix of retail space, including five fully leased ground-floor retail tenants, and a single second-floor residential unit. The building’s corner location secures it with excellent visibility along Flagler Street, benefiting from exposure to over 38,000 vehicles per day (VPD).

Anchored by The Nail Bar, the center's other tenants, including a florist, a travel agency, a photography studio, and a family medical practice, create a diverse tenant mix and stable cash flow for investors. Situated along Flagler Street, a main thoroughfare connecting Downtown Miami to Florida’s Turnpike, the asset benefits from strong national retail drivers nearby, such as Starbucks, Sedano’s, and Bank of America. With a pro forma net operating income exceeding $212,000 and a pro forma cap rate of 6.5%, 4708 W Flagler Street offers immediate income and significant value-add potential for investors seeking long-term growth in a market with strong demographics and robust consumer spending.

With an average home value of $506,746 and a population of 562,995 within a 5-mile radius, this location drives $5.7 billion in total consumer spending, positioning it as a premier investment opportunity in one of Miami’s most desirable retail corridors.

Note: A 3% buyer broker commission is being offered. Contact Albert at AJC Invest for more details.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
6,900 SF
Building Class
B
Year Built
1948
Price
$2,975,000
Price Per SF
$431.16
Cap Rate
7.13%
NOI
$212,031
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.27 AC
Zoning
6100 - Commercial
Parking
10 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
112’ on W Flagler St

AMENITIES

  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Gather & Bloom Events LLC
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Nail Bar is a beauty and nail salon located in Miami, Florida, specializing in nail care and spa services. The salon offers a wide range of treatments, including manicures, pedicures, acrylic and gel extensions, facials, waxing, and hair styling. Known for its relaxing atmosphere, The Nail Bar provides complimentary wine and coffee to enhance the client experience. The salon emphasizes cleanliness, professionalism, and personalized service, catering to walk-ins and appointments. It has earned positive reviews for its attention to detail and creative nail designs, making it a popular destination for beauty enthusiasts in the Coral Gables and Miami area.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Gather & Bloom Events LLC Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (71)
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.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
34,790
201,440
562,995
1,263,497
2029 Population
33,661
194,911
551,822
1,352,225
2024-2029 Projected Population Growth
-3.3%
-3.2%
-2.0%
7.0%
Median Age
45.7
44.6
42.5
42.7
College Degree + Higher
30%
32%
32%
20%
Daytime Employees
15,764
142,648
435,940
857,279
Total Businesses
2,476
20,042
60,521
126,360
Average Household Income
$67,785
$78,197
$78,475
$98,369
Median Household Income
$46,809
$53,585
$51,573
$68,518
Total Consumer Spending
$329.4M
$2.1B
$5.7B
$13.5B
2024 Households
13,415
77,440
217,067
473,229
Average Home Value
$416,311
$490,496
$506,746
$593,758

NEARBY MAJOR RETAILERS

Starbucks
Presidente Supermarket
Regions Bank
Boston Market
Sedano's
IHOP
Checkers
Storagemart
Bank of America
Outback Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4106-014-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,269,062
  • Listing ID: 37827755

  • Date on Market: 9/25/2025

  • Last Updated:

  • Address: 4700-4708 W Flagler St, Miami, FL 33134

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