28 Flagler StMiami, FL 33130
- Office properties
- 85,090 SF
Property Details for 28 Flagler St
- Year built
- 1968
- Construction
- CONCRETE
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 85,090 SF
- Zone code
- 6401:COMMERCIAL
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 01-0112-030-1020
- APU
- 101120301020
Description
This exceptional commercial property, located at 28 W Flagler St in Miami, FL 33130, presents a rare opportunity for a single-tenant business. Situated on the ground floor of an 84,000 square foot Class B building, this space offers 2,000 to 4,000 square feet of versatile retail space, perfect for a restaurant or other retail establishment. The building, constructed in 1968 and renovated in 2020, boasts a 15-foot ceiling height. The property sits on a 6,360 square foot lot and is zoned 64/COMMERCIAL (APN: 0101120301020). Its prime location in the Downtown Miami submarket, specifically the Brickell cluster, places it directly across from the courthouse and a short distance from Brickell Avenue, ensuring high visibility and foot traffic. While the building does not offer on-site parking, ample street, private, and municipal parking options are readily available. The recent street renovations and the upcoming completion of the new courthouse further enhance the property's desirability and long-term potential. This is a truly exceptional opportunity in a rapidly developing area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $73,465,288
- 6.5%
- $67,814,112
- 7%
- $62,970,244
-
Comparable approach
- Method
- Valuation
- Relative Method
- $32,577,558
- Geo Method
- $32,577,558
-
Alternative Use
- Use
- Valuation
- Residential
- $84,089,496
- Hospitality
- $77,025,528
- Educational
- $64,084,336
- Medical
- $66,288,292
- Retail
- $99,686,744
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.7739
- Longitude
- -80.1942
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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