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23878288
23878289

2 Locations

JJ
FL Sl3547274
Fausto Commercial
Fausto Commercial Realty Consultants
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$2,650,000
358 days on market
Updated 15 days ago

Flagler Street Assemblage

Details
APN 01-4102-006-0570
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 7,600
Cap Rate 2.45%
NOI $65,000
Occupancy 50%
Tenancy Multi
Lease Type NN+
Remaining Term 2
Rent Bumps Yes
Price per SqFt $349
Broker Co-Op Yes
Class B
Year Built 1955
Buildings 2
Stories 1
Lot Size (SqFt) 12,000
Zoning T6-8-O
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

Flagler Street Covered Land

Marketing description

Flagler Street Assemblage – A rare opportunity to acquire an income-producing retail assemblage located on Flagler Street, one of Miami’s most active and strategic commercial corridors. Situated in the heart of Little Havana, this ±12,000 SF site is positioned in a rapidly growing neighborhood surrounded by major employment centers, including Downtown Miami, Brickell, and the Health District.

The Site consists of Five storefront retail units, two spaces are currently leased to a dry cleaner and a variety store. Each paying $3,000/month, generating a total annual NOI of $65,500. This setup provides stable, diversified income with near-term upside potential. Zoned T6-8-O, the site allows for the development of up to 41 residential units by right and mixed-use up to 8 stories, making it an excellent candidate for future redevelopment while collecting strong in-place income. This is a prime opportunity for investors, developers, and land bankers to secure a well-positioned asset with cash flow today and development potential tomorrow.

Investment highlights

Value Add

Prime Location

Redevelopment Upside

Flagler Street Frontage

Parking

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
2.45%
Cap Rate
2.45%
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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