8700 Flagler StMiami, FL 33174

Property Details for 8700 Flagler St

Year built

1980

Construction

CONCRETE

Lot size

5.75 AC

Property size (Sq ft)

150,467 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office buildings

APN

30-4004-071-0010

APU

3040040710010

Description

This exceptional Fontainebleau office space, totaling 6,298 square feet, is immediately available for lease. Located on the ground floor of a four-story, 125,313-square-foot Class B office building at 8700 West Flagler Street (cross street: 87th Avenue), this property offers unparalleled convenience and accessibility. Previously occupied by a bank, the space boasts up to six drive-through lanes, some of which could be repurposed into reserved parking to accommodate the 513 total parking spaces available on the property. The building, constructed in 1981 and renovated in 2014, features a 10-foot ceiling height and is divisible to a minimum of 2,000 square feet, providing flexibility for various business needs. The property sits on four acres of land in Miami-Dade County, zoned 6400 Commercial (APN: 30-4004-071-0010), and benefits from FPL power and elevator access. The building comprises three suites in total. Property taxes are $2.55 per square foot. This is a rare opportunity to secure a highly visible and adaptable office space in a thriving submarket. The building's Building Floor Area Ratio (FAR) is 1.2. The landlord is willing to subdivide the space to meet specific tenant requirements. This presents a unique chance to establish a presence in a well-established commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $42,661,128

  6.5%

  $39,379,500

  7%

  $36,566,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,221,866

  Geo Method

  $21,221,866

• Alternative Use

  Use

  Valuation

  Residential

  $48,830,580

  Hospitality

  $44,728,548

  Educational

  $37,213,628

  Medical

  $38,493,464

  Retail

  $57,887,868

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7683

Longitude

-80.3374

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].