1801 Flagler StMiami, FL 33135

  • Retail properties
  • 3,780 SF
For Sale
$1,250,000 View listing

Property Details for 1801 Flagler St

Year built
1974
Construction
CONCRETE
Lot size
0.15 AC
Property size (Sq ft)
3,780 SF
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Retail properties
Property subtype
Outlet malls
APN
01-4103-062-0010
APU
141030620010

Description

This exceptional investment opportunity presents a 3,780-square-foot retail storefront located at 1801 W Flagler St, Miami, FL 33135. The property, built in 1974 and situated on a 6,728-square-foot lot, features five units with 80% occupancy. All tenants are on month-to-month (MTM) leases, presenting immediate upside potential for investors seeking to increase rental income. The building boasts excellent visibility and accessibility, enhanced by seven on-site parking spaces. A recent 40-year recertification was completed in 2024, ensuring long-term structural integrity. This corner freestanding building benefits from high daily traffic counts exceeding 20,000 vehicles. Located in Little Havana, a rapidly developing neighborhood, the property is less than two miles from Downtown Miami and enjoys proximity to major attractions. The area's strong demographics include a population of 333,477 within a three-mile radius. The property is zoned T6-8-O and offers a unique owner-user opportunity, allowing a buyer to occupy the space for their own business. This is a prime retail investment in a high-growth area of Miami. The asking price is $1,250,000, resulting in a price per square foot of $330.69.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,797,476
    6.5%
    $4,428,439
    7%
    $4,112,122
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,646,971
    Geo Method
    $3,646,971
  • Alternative Use

    Use
    Valuation
    Residential
    $3,735,554
    Hospitality
    $3,421,748
    Educational
    $2,846,854
    Medical
    $2,944,762
    Retail
    $4,428,439
1801 Flagler St, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.773
Longitude
-80.2251
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,129
$672,800
$179,321
$852,121
-
$672,800
$179,321
$852,121

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