66 Flagler StMiami, FL 33130

Property Details for 66 Flagler St

Year built

1964

Property size (Sq ft)

1,325 SF

Zone code

6401:COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

01-4137-047-0980

APU

141370470980

Description

This exceptional 88,908-square-foot restaurant space is ideally situated in the heart of Downtown Miami, at 66 W Flagler St, Miami, FL 33130, near the intersection of W Flagler Street & SW 1st Avenue. The property, classified as Class A, boasts a prime location within the Downtown Miami submarket of Miami-Dade County. Built in 1964, this single-tenancy retail space sits on a 0.14-acre lot. The restaurant features a substantial bar area at the front, seamlessly flowing into a double-height space in the rear. A fully functional mezzanine level adds significant versatility and capacity. The current ownership is open to exploring various lease structures to accommodate the right tenant. This turnkey opportunity presents a rare chance to acquire a fully built-out restaurant in a high-demand, high-traffic area of Downtown Miami. The property's size and unique layout offer significant potential for a variety of culinary concepts. This is a truly exceptional opportunity for a discerning restaurateur seeking a move-in ready establishment in one of Miami's most vibrant and sought-after locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,143,983

  6.5%

  $1,055,984

  7%

  $980,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $507,290

  Geo Method

  $507,290

• Alternative Use

  Use

  Valuation

  Residential

  $1,309,420

  Hospitality

  $1,199,422

  Educational

  $997,905

  Medical

  $1,032,225

  Retail

  $1,552,297

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7738

Longitude

-80.195

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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