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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23320250
23320251

1432 w flagler, miami, FL 33155

JJ
FL Sl3547274
Fausto Commercial
Fausto Commercial Realty Consultants
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$1,350,000
394 days on market
Updated 88 days ago

Flagler Street Retail Property

Details
APN 01-4102-006-0560
Property Type Retail
Sub Type Storefront
Square Footage 4,570
Net Rentable (SqFt) 4,280
Units 2
Cap Rate 4.81%
NOI $65,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 20.6
Lease Expiration 01/09/2028
Remaining Term 1.6
Rent Bumps Yes
Lease Options no
Pro-Forma Cap Rate 8%
Pro-Forma NOI $108,000
Price per SqFt $295
Broker Co-Op Yes
Class C
Year Built 1927
Year Renovated 2
Buildings 1
Stories 1
Lot Size (SqFt) 6,000
Zoning T6-8-O
Parking Spaces 4 spaces
Parking Per SqFt 0.88
Investment Type Value Add
Lease Commencement 06/01/2007
Occupancy Date 06/01/2007
Ground Lease No
Sale Condition For sale by owner

Little Havana Two-Unit Retail Property

Marketing description

Prime retail opportunity located on Flagler Street, one of Miami’s most important and active commercial corridors. This two-storefront property is situated in the heart of Little Havana, a vibrant and rapidly developing neighborhood surrounded by Miami’s major economic and employment hubs.

The property features two fully leased retail units — a dry cleaner and a variety store — each paying $3,000 per month, generating a total annual NOI of $65,500. This dual-tenant setup provides diversified and stable income with strong upside potential.

Located in a high-demand rental market, the property benefits from consistent tenancy, solid rent growth, and long-term value appreciation.

Zoned T6-8-O, the site offers significant future development potential for a mixed-use project up to 8 stories, making it an excellent value-add or land bank investment opportunity.

Investment highlights

Prime Flagler Street Frontage

Fully Leased Dual-Tenant Income

Development Potential

Listing Contacts

JJ
FL Sl3547274
Fausto Commercial
Fausto Commercial Realty Consultants
Listed by Fausto Commercial, Fausto Commercial Realty Consultants

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$65,000.00
$5,416.67/mo

Valuation Metrics

0
DSCR
4.81%
Cap Rate
4.81%
ROI

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Additional Information

Name
Joshua Jimenez
License
Sl3547274
Brokerage Phone
305.753.4200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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