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Flagami Covered-land Play /Portfolio 4 Properties Offered at $9,899,000 in Miami, FL
INVESTMENT HIGHLIGHTS
- Prime Location
- 27 Ave Frontage
- Portfolio Sale
- Development Upside
- Value Add
EXECUTIVE SUMMARY
Situated in the vibrant Flagami neighborhood on SW 27th Avenue just south of Flagler Street, this rare 36,750 SF assemblage lies betweenLeon Medical Center and Care max, offering exceptional visibility and connectivity along a major commercial corridor with over 30,000 vehicles per day. Zoned T6-8-O, T5-O, and T3-O with Florida’s Live Local Act potential for up to 3.5 FAR, the site can support approximately 128,000 SF of mixed-use development—translating to around 120+ residential units alongside retail and commercial space. Existing income-producing buildings totaling 36,750 SF provide near-term cash flow and flexible phased redevelopment options, making this an ideal opportunity to capture immediate returns and long-term growth in a rapidly evolving urban market.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
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| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $9,899,000 | Status | Active |
| Price / SF | $519.31 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 2.05% | Total Building Size | 19,062 SF |
| Sale Type | Investment | Total Land Area | 0.84 AC |
| Price | $9,899,000 |
| Price / SF | $519.31 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 2.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 19,062 SF |
| Total Land Area | 0.84 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 225 SW 27th Ave, Miami, FL 33135 | Multifamily | 6,650 SF | 1948 | - |
| 2612 SW 2nd St, Miami, FL 33135 | Multifamily | 4,312 SF | 1924 | - |
| 2600 SW 2nd St, Miami, FL 33135 | Multifamily | 3,679 SF | 1976 | - |
| 201 SW 27th Ave, Miami, FL 33135 | Office | 4,421 SF | 1968 | - |
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Flagami Covered-land Play /Portfolio
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