4600 Flagler StCoral Gables, FL 33134

Property Details for 4600 Flagler St

Year built

1945

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,127 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Outlet malls

APN

01-4105-041-0093

APU

141050410093

Description

This exceptional Coral Gables retail property, located at 4600 W Flagler St, is offered at $445,000. The 1-story, 1945-built building boasts 100% occupancy as of October 31, 2023, presenting a strong immediate return on investment. Situated on a high-traffic section of West Flagler Street in Miami-Dade County, this property benefits from thousands of daily passersby, creating a unique opportunity in a market not seen for decades. The versatile interior and open spaces offer ample room for customization and remodeling to suit various business needs. A spacious rear open backyard adds to the property's appeal. A significant advantage is the grandfathered "FLAGPOST SIGNAGE" allowing for east-west exposure, generating potential additional income streams. The property is zoned for at least one floor, providing flexibility for future expansion or adaptation. Street parking is conveniently available across the street. With the recent arrival of a prominent soccer star and plans for a new stadium nearby, the property's future growth potential is exceptionally promising. This is a rare chance to acquire a prime commercial property in a thriving Coral Gables location.

• CAP approach

  CAP return

  Valuation

  6%

  $469,713

  6.5%

  $433,581

  7%

  $402,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,559

  Geo Method

  $400,559

• Alternative Use

  Use

  Valuation

  Residential

  $365,742

  Hospitality

  $335,017

  Educational

  $278,731

  Medical

  $288,317

  Retail

  $433,581

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7712

Longitude

-80.2704

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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