For Sale
$1,899,000

727 Flagler St Miami, FL 33130

High-yield retail land, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
Prime Miami location (727 West Flagler St, 33130) offers a 7,000 sq ft lot with a 1,845 sq ft retail building housing three separate stores generating a current NOI of $45,329, and a projected NOI of $68,229. The asking price is $1,899,000, representing a current cap rate of 2.39% and a pro-forma cap rate of 3.59%. Current rental income totals $5,400 per month, with two tenants on one-year leases and one on a month-to-month agreement. The property boasts 55 feet of frontage and a depth of 136 feet, situated within the T6-12-O-URBAN CORE ZONE. This zoning allows for significant multifamily development potential; estimates suggest up to approximately 34 units could be feasible under the Live Local Act (SB 102), though buyers are advised to conduct their own due diligence regarding development feasibility. The potential for expansion exists, with adjacent lots possibly available for purchase. APN: 01-0200-080-1170.

Highlights

  • 1,845 SF retail building on a 7,000 SF lot.
  • Three retail spaces generating $5,400/month in current rent (two 1-year, one month-to-month lease).
  • T6-12-O zoning allows potential multifamily development (up to ~34 units under SB 102; buyer due diligence required).
  • 55-foot frontage and 136-foot depth.
  • Adjacent lots may be available for purchase.

Property Details for 727 Flagler St

Property type
Retail properties, Land

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7739016
Longitude
-80.2066115

FAQs

What type of property is this?
Retail property - High-yield retail land, development potential.
Where is the retail property located?
The property is located at 727 Flagler St Miami, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 1,845 SF retail building on a 7,000 SF lot.; Three retail spaces generating $5,400/month in current rent (two 1-year, one month-to-month lease).; T6-12-O zoning allows potential multifamily development (up to ~34 units under SB 102; buyer due diligence required).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
727 Flagler St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message