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Restaurant Space with Outdoor Area
For Lease
$45 SF/Yr NNN

627 W Flagler St, Miami, FL 33130

Restaurant property for long-term NNN lease with an expansive backyard for outdoor dining or private events.

Space SizeContact for details
Lot Size0.16 Acres
Days on Market95

Property Features for 627 W Flagler St

General Information

Standard status Active
Lot size 0.16 Acres
Lease Type NNN

Site & Location

Neighborhood Little Managua

Building Details

Year Built 1941
Listing Agency: LoKation
Listed By: Maria Pena Cabezas · License #3379668
Source: Mymiahomes
Added: Jul 26 Changed: Oct 26 Last Checked: Oct 7 at 5:20PM

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.

Restaurant property available for long-term triple net (NNN) lease, offered in its current condition and ready for a complete tenant build-out. The site includes an approximately 6,996 SF lot with about 3,588 SF of existing building area. An expansive backyard adds flexibility for outdoor dining, private events, live entertainment, or other hospitality uses.

Located at 627 W Flagler Street in Miami, the property sits along the W Flagler Street corridor and is positioned minutes from Downtown Miami, Brickell, the Health District, and Miami International Airport.

The landlord is seeking a qualified tenant to establish a restaurant or hospitality concept, and the space can be customized to fit a food and beverage direction.

Key Highlights

  • Long‑term triple net (NNN) lease opportunity for a restaurant or hospitality concept at 627 W Flagler Street in Little Havana
  • 1941‑built property on a 6,996 SF lot with approximately 3,588 SF of existing building area
  • Located on the W Flagler Street corridor with high traffic and convenient access to Downtown Miami, Brickell, the Health District, and Miami International Airport

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Adult Day Care Pet Grooming Service Butcher Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,186
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Miami, FL

$54.09 /SF/Yr
Avg Asking Price
$3.73–$98 /SF/Yr
Price Range
6,470 SF
Avg Space Size

This space is priced 17% below the average of $54.09 /SF/Yr.

Vacancy Rate% for Retail in Miami, FL

3.5% 2019
4.3% 2020
3.3% 2021
2.9% 2022
3.1% 2023
2% 2024
2.7% 2025

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 - Restaurant property for long-term NNN lease with an expansive backyard for outdoor dining or private events.
Where is this conventional restaurant located?
The property is located at 627 W Flagler St Miami, FL.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Long‑term triple net (NNN) lease opportunity for a restaurant or hospitality concept at 627 W Flagler Street in Little Havana; 1941‑built property on a 6,996 SF lot with approximately 3,588 SF of existing building area; Located on the W Flagler Street corridor with high traffic and convenient access to Downtown Miami, Brickell, the Health District, and Miami International Airport
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