4735 W Flagler St, Miami, FL 33134
- 7,549 sqft
Commercial Property
Built in 1946
0.6acre lot
—— car garage
$702/sqft
Listed 4 months ago
Property 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.
- Listing Status:
- Active
- Date Added:
- January 24, 2025 at 06:00AM
- Listing Office:
- First Service Realty ERA : 305-551-9400
- Listing Agent:
- Madelin Estupinan : 786-514-8046
- MLS ID:
- A11730999
- Disability Feature: Accessible Parking
This listing courtesy of Madelin Estupinan, First Service Realty ERA
Location
Schools Nearby
Kinlock Park Elementary School
4275 NW 1st St, Miami, FL, 33126
Grades PK-5
0.46 miles away
Kinloch Park Middle School
4340 NW 3rd St, Miami, FL, 33126
Grades 6-8
0.41 miles away
Acceleration Academies Lejeune
550 NW 42nd Ave, Miami, FL, 33126
Grades 9-12
0.64 miles away