4735 Flagler St ,Retail for Sale

4735 Flagler St for Sale

Price $5,300,000.00

• Lot size 25928
• Year Build 1946
• Waterfront
• Zip 33134
• Style
• Parking Description Free Parking
• Pool Yes
• Status Active

Description

Retail strip center in the growing West Flagler submarket, just minutes from Little Havana. This 100% occupied property offers a rare opportunity for investors to maximize returns. Current tenants pay below-market rents, with significant income growth potential by converting gross leases to NNN leases and shifting operational costs like water and trash to tenants. Highlights: Redevelopment Potential: Ideal for Live Local Act incentives. Income Growth: Below-market rents, with 5 tenants on month-to-month leases and 2 expiring in 2026. High Demand: Small retail spaces in the area are highly sought after. Prime Location: Flagler Street frontage with 38,000 vehicles daily. This property offers immediate cash flow and strong growth potential?an exceptional investment opportunity.

PARKERS FLAGLER HEIGHTS PB 18-32 LOTS 5 THRU 12 BLK 1 LOT SIZE 25928 SQ FT OR 18774-0020 0899 1

City Location, Corner Lot, Near Airport, Shopping Center

Retail strip center in the growing West Flagler submarket, just minutes from Little Havana. This 100% occupied property offers a rare opportunity for investors to maximize returns. Current tenants pay below-market rents, with significant income growth potential by converting gross leases to NNN leases and shifting operational costs like water and trash to tenants. Highlights: Redevelopment Potential: Ideal for Live Local Act incentives. Income Growth: Below-market rents, with 5 tenants on month-to-month leases and 2 expiring in 2026. High Demand: Small retail spaces in the area are highly sought after. Prime Location: Flagler Street frontage with 38,000 vehicles daily. This property offers immediate cash flow and strong growth potential?an exceptional investment opportunity.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.771722,List Price:5300000,Listing Id:A11730999,Longitude:-80.2722373,Mls Status:Active,Year Built:1946,Postal Code:33134,Street Name:Flagler St,Coordinates:1:25.771722,Lot Features:1:Corner Lot,2:Near Airport,3:Shopping Center,Photos Count:16,Business Type:1:Shopping Center,Days On Market:5,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2025-01-24,Parcel Number:01-41-06-036-0020,Parking Total:30,Property Type:Commercial Sale,Stories Total:1,Street Number:4735,Public Remarks:Retail strip center in the growing West Flagler submarket, just minutes from Little Havana. This 100% occupied property offers a rare opportunity for investors to maximize returns. Current tenants pay below-market rents, with significant income growth potential by converting gross leases to NNN leases and shifting operational costs like water and trash to tenants. Highlights: Redevelopment Potential: Ideal for Live Local Act incentives. Income Growth: Below-market rents, with 5 tenants on month-to-month leases and 2 expiring in 2026. High Demand: Small retail spaces in the area are highly sought after. Prime Location: Flagler Street frontage with 38,000 vehicles daily. This property offers immediate cash flow and strong growth potential?an exceptional investment opportunity.,County Or Parish:Miami-Dade County,List Office Name:First Service Realty ERA,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1451,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:W,Tax Annual Amount:49756,Unparsed Address:4735 W Flagler St, Miami FL 33134,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:7549,Building Area Units:Square Feet,Lot Size Square Feet:25928,Number Of Buildings:1,Original List Price:5300000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Retail strip center in the growing West Flagler submarket, just minutes from Little Havana. This 100% occupied property offers a rare opportunity for investors to maximize returns. Current tenants pay below-market rents, with significant income growth potential by converting gross leases to NNN leases and shifting operational costs like water and trash to tenants. Highlights: Redevelopment Potential: Ideal for Live Local Act incentives. Income Growth: Below-market rents, with 5 tenants on month-to-month leases and 2 expiring in 2026. High Demand: Small retail spaces in the area are highly sought after. Prime Location: Flagler Street frontage with 38,000 vehicles daily. This property offers immediate cash flow and strong growth potential?an exceptional investment opportunity.,Listing Contract Date:2025-01-24,Originating System I D:miamire,Public Survey Section:6,Street Number Numeric:4735,Tax Legal Description:PARKERS FLAGLER HEIGHTS PB 18-32 LOTS 5 THRU 12 BLK 1 LOT SIZE 25928 SQ FT OR 18774-0020 0899 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Retail strip center in the growing West Flagler submarket. This 100% occupied property offers a rare opportunity for investors to maximize returns.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-01-24,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,