Basics
- Category: CommercialSale
- Type: CommercialSale, Retail
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 25928, 25928 sq ft
- Year built: 1946
- Address: 4735, Flagler St, Miami, FL, 33134
- County: Miami-Dade
- MLS ID: A11730999
Description
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Description:
PARKERS FLAGLER HEIGHTS PB 18-32 LOTS 5 THRU 12 BLK 1 LOT SIZE 25928 SQ FT OR 18774-0020 0899 1 Retail strip center in the growing West Flagler submarket, just minutes from Little Havana.
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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.
Property details
- Lot Size Square Feet: 25928
- Parcel Number: 33134
Property Features
- Parking Features: AccessibleParking,FreeParking
Location Details
- County Or Parish: Miami-Dade
- Zoning Description: 6100
Building Details
- Structure Type: Retail
- Covered Spaces: 0
- Levels: One
- Number Of Buildings: 1
Amenities & Features
- Parking Features: AccessibleParking,FreeParking
- Parking Total: 30
Expenses, Fees & Taxes
- Tax Annual Amount: $49,756
Miscellaneous
- List Office Name: First Service Realty ERA
- Listing Terms: Cash,Conventional
Miscellaneous
- Above Grade Finished Area: Miami, FL
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11730999