Restaurant and Hospitality
For Sale
Contact for pricing
627 W Flagler Street, Miami, FL 33130
Existing restaurant building with tenant build-out potential and an expansive backyard for outdoor hospitality concepts.
Property Size3,312 SF
Lot Size0.16 Acres
Price / SF$0.01
Days on Market101
Property Features for 627 W Flagler Street
General Information
Standard status
Active
Size
3,312 SF
Lot size
0.16 Acres
Property subtype
Business
Lease Type
NNN
Site & Location
Neighborhood
Little Managua
Building Details
Year Built
1941
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Maria Fabiana Pena Cabezas · License #3379668
(305) 922-1444
Source:
Lehmannflorida
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
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Investment Insights
Based on property information with market context.
A restaurant and hospitality property located at 627 W Flagler Street, Miami, offered in its current condition and ready for a complete tenant build-out. The site includes approximately 3,588 SF of existing building area on a ±6,996 SF lot, with an expansive backyard suitable for outdoor dining, private events, or live entertainment.
Positioned along the W Flagler Street corridor, the property is described as being on a highly trafficked route with convenient access to Downtown Miami, Brickell, the Health District, and Miami International Airport.
The landlord is seeking a long-term triple net (NNN) lease with a qualified tenant to establish a restaurant or hospitality destination, with flexibility identified for concepts such as café, cocktail lounge, brewery, and wine bar.
Positioned along the W Flagler Street corridor, the property is described as being on a highly trafficked route with convenient access to Downtown Miami, Brickell, the Health District, and Miami International Airport.
The landlord is seeking a long-term triple net (NNN) lease with a qualified tenant to establish a restaurant or hospitality destination, with flexibility identified for concepts such as café, cocktail lounge, brewery, and wine bar.
Key Highlights
- Existing restaurant building on a 6,996 SF lot with approximately 3,588 SF of building area
- Available in its current condition with tenant build‑out potential
- Long‑term triple net (NNN) lease available for a qualified restaurant or hospitality tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,493
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,860
$3.1M
Cap Rate 7%
$2,235,614
$2.2M
Cap Rate 9%
$1,738,811
$1.7M
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$211.8K $63.96/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$208.7K $63.00/SF
− OpEx
−$52.2K −$15.75/SF
NOI
$156.5K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,860
Cap Rate 7%
$2,235,614
Cap Rate 9%
$1,738,811
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,493 @ 7.0% cap · market cap 347,762.22%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,186
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Ar Ar Ar — Miami, FL 33130
- Manila Kantina Buffet — 245 E Flagler St, Miami, FL 33131
- sanvillabuffet — 255 E Flagler St #79, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant building with tenant build-out potential and an expansive backyard for outdoor hospitality concepts.
Where is this conventional restaurant located?
The property is located at 627 W Flagler Street Miami, FL.
What are key features of this property?
This property features: Existing restaurant building on a 6,996 SF lot with approximately 3,588 SF of building area; Available in its current condition with tenant build‑out potential; Long‑term triple net (NNN) lease available for a qualified restaurant or hospitality tenant
