1801 Flagler StMiami, FL 33135
- Retail properties
- 3,780 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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