4735 W Flagler St, Miami FL 33134,Miami,Miami-Dade County,Commercial Sale

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Commercial Sale Active

4735 W Flagler St, Miami FL 33134

$5,300,000

Overview

Retail
Property Type

1946
Year Built

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.

Address

Open on Google Maps

Address Flagler St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33134

Details

Updated on April 14, 2025 at 6:30 pm

Property ID: A11730999
Price: $5,300,000
Year Built: 1946
Property Type: Retail
Property Status: Commercial Sale

Additional details

StreetDirPrefix: W
PublicSurveyRange: 41
ListAgentKey: 732e5ae8fad029f84549e9175e7ccb78
TaxLegalDescription: PARKERS FLAGLER HEIGHTS PB 18-32 LOTS 5 THRU 12 BLK 1 LOT SIZE 25928 SQ FT OR 18774-0020 0899 1
OnMarketDate: 2025-01-24
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-01-24
MajorChangeTimestamp: 2025-01-25T03:37:29.750Z
PhotosCount: 16
StatusChangeTimestamp: 2025-01-25T03:37:29.750Z
PriceChangeTimestamp: 2025-01-23T21:32:18.767Z
ListingKeyNumeric: 406117196
MajorChangeType: New
ListingContractDate: 2025-01-24
Zoning: 6100
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 49756
ListOfficeName: First Service Realty ERA
CurrentUse: Retail
OriginatingSystemKey: miamire
BusinessType: Retail Space,Shopping Center
PhotosChangeTimestamp: 2025-01-25T03:42:13.396Z
RoadFrontageType: City Street
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-551-9400
MlsStatus: Active
StreetNumber: 4735
ListingKey: 84ee53ac2c1c2b40158423aa0c6c4866
StateOrProvince: FL
ListOfficeKey: ac26f855de7beeb7eee1b7d7bd625323
BridgeModificationTimestamp: 2025-04-14T16:45:27.973Z
ListAgentFullName: Madelin Estupinan
ParkingTotal: 30
ListAgentOfficePhone: 305-551-9400
Stories: 1
ParcelNumber: 01-41-06-036-0020
ListingTerms: All Cash,Conventional/Refinance
YearBuiltDetails: Resale
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 0698693
StoriesTotal: 1
ModificationTimestamp: 2025-04-14T16:12:11.727Z
OriginatingSystemID: miamire
DaysOnMarket: 80
ListOfficeMlsId: IRSF01
ListAgentDirectPhone: 786-514-8046
StreetNumberNumeric: 4735
ParkingFeatures: Free Parking
PostalCodePlus4: 1451
NumberOfUnitsInCommunity: 0
SyndicationRemarks: 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.
ListAgentStateLicense: 0698693
PublicSurveyTownship: 41
StreetName: Flagler St
ListOfficeFax: 305-551-4965
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 6
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 5300000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
AccessibilityFeatures: Accessible Parking
OriginalEntryTimestamp: 2025-01-25T03:37:29.750Z
SourceSystemKey: 406117196
LotFeatures: City Location,Corner Lot,Near Airport,Shopping Center
LotSizeSquareFeet: 25928
BuildingAreaTotal: 7549