1798 Flagler StMiami, FL 33135

Property Details for 1798 Flagler St

Year built

1938

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

4,930 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Other retail properties

APN

01-4103-014-0110

APU

141030140110

Description

This exceptional 4,930 square foot storefront at 1798 W Flagler St, Miami, FL 33135, presents a remarkable investment opportunity in the vibrant Little Havana neighborhood. Located in a high-traffic area with strong pedestrian and vehicular flow, this mixed-use property offers immense potential for a variety of businesses. The building sits on a 6,100 square foot lot and includes four parking spaces, a significant advantage in this location. Currently zoned 6100, the property allows for diverse uses, including retail, restaurant, and self-storage. The asking price is $1,850,000, translating to $375.25 per square foot. The spacious interior provides a blank canvas for a new business, allowing for complete customization to suit specific needs. Its proximity to Loan Depot Park further enhances its appeal and accessibility. This is an ideal opportunity for entrepreneurs seeking a high-visibility location in a rapidly growing area, benefiting from the influx of businesses relocating from higher-priced areas near the bay and beach. The property is available immediately. Previously used as a repair shop (non-automotive), the space is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $6,257,026

  6.5%

  $5,775,716

  7%

  $5,363,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,756,500

  Geo Method

  $4,756,500

• Alternative Use

  Use

  Valuation

  Residential

  $4,872,032

  Hospitality

  $4,462,756

  Educational

  $3,712,960

  Medical

  $3,840,654

  Retail

  $5,775,716

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7725

Longitude

-80.2247

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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