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$5,300,000
Est. payment /mo
7,549 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,549 sqft
Price per Sqft $702
MLS Listing ID A11730999
Construction Status Resale
HOA Y/N No
Year Built 1946
Annual Tax Amount $49,756
Lot Size 0.595 Acres
Property Sub-Type Retail
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.
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.
Location
State FL
County Miami-dade
Area 41
Exterior
Total Parking Spaces 30
Private Pool Yes
Building
Story 1
Level or Stories One
Construction Status Resale
Others
Tax ID 01-41-06-036-0020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11730999
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Listed by First Service Realty ERA