- For Sale $5,000,000
- Property Type Retail
- Property Size 7,549 SF
- Additional Rent Contact for pricing
- Year Built 1946
- Date Updated Sep 18, 2024
- Website 47314747wflaglerstreet.sharplaunch.com
Upside Partners is proud to exclusively represent the longtime owner of 4731-4747 W Flagler Street, Miami, FL in the sale of this retail property. This offering represents a unique opportunity to acquire a fully occupied strip center directly on Flagler Street in the rapidly expanding West Flagler submarket, just west of growing Little Havana.
The property is currently 100% occupied, with tenants on month-to- month and expiring leases. Current tenants are paying well-below market rents. This scenario presents significant potential for rental income growth. Additionally, the existing gross leases can be converted to NNN leases. Water and Trash are currently paid by the Landlord, however by transitioning these costs to the individual Tenants, which is common practice, a buyer can further enhancing the return on their investment.
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Attachments
Highlights
- Ideal redevelopment site utilizing the Live Local Act.
- The site is being sold below recent comparable nearby prices per sq ft of land.
- Buyer can increase NOI by converting gross leases to NNN leases.
- Ability to convert gross leases to NNN leases
- 5 Tenants are month-to-month. 2 Tenants have lease expirations in 2026.
- Current rents are significantly below market
- Small space sizes such as the bays in this center are extremely attractive and there is little vacancy of space this size in the market
- Excellent visibility and access from Flagler Street (38,000 cars per day).
False
Contacts
Location
Getting Around
-
Walk Score ®
69/100
Somewhat Walkable
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Transit Score ®
49/100
Some Transit
-
Bike Score ®
57/100
Bikeable
- City Miami, FL
- Neighborhood Flagami
- Zip Code 33134
- Market Miami
Points of Interest
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Miami Intermodal Center
1.68 miles
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2
1.77 miles
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1
1.77 miles
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3
1.84 miles
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Santa Clara
3.53 miles
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Wilkie D. Ferguson, Jr.
4.43 miles
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Miami Avenue
4.53 miles
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Third Street
4.53 miles
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Fifth Street
4.62 miles
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College North
4.63 miles
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Shell
0.37 miles
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Westar
0.37 miles
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Chevron
0.66 miles
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Chevron
0.69 miles
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Chevron
0.75 miles
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Shell
0.95 miles
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Chevron
1.44 miles
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Shell
1.67 miles
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Shell
1.76 miles
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Chevron
1.79 miles
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Hilton Miami Airport
1.04 miles
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South Parking Long-Term
1.56 miles
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Flamingo Parking
1.58 miles
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Short Term Parking
1.65 miles
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Dolphin Parking
1.67 miles
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Parking for Barnes & Noble
1.78 miles
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Cell Phone Lot
2.13 miles
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First Base Garage
2.86 miles
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Home Plate Garage
2.89 miles
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Center Field Garage
2.96 miles
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Pizza Hut
0.14 miles
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Subway
0.16 miles
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IHOP
0.19 miles
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Madrid Restaurant
0.32 miles
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Hereford Grill
0.43 miles
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G Spot
0.48 miles
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Catch of the Day
0.62 miles
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Little Caesars
0.65 miles
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Barzola
0.66 miles
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La Granja
0.68 miles
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Sedano's Supermarket
0.54 miles
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Sedano's
0.79 miles
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Fresco y Mas
0.83 miles
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Publix
1.28 miles
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Target
1.36 miles
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Los Amigos Supermarket
1.50 miles
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Publix
1.50 miles
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Burlington
1.54 miles
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Xpress Spa
1.76 miles
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Sears
1.77 miles
Frequently Asked Questions
How much does 4731-4747 W Flagler Street cost?
The space currently listed for sale at 4731-4747 W Flagler Street asks for $5,000,000.
What is the total square footage of 4731-4747 W Flagler Street?
4731-4747 W Flagler Street totals 7,549 square feet.
When was this property built?
4731-4747 W Flagler Street was built in 1946.
Looking for more in-depth information on this property?
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Contact Listing Broker
Andrew Rosenberg
Upside Partners
