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727 Flagler St Miami, FL 33130

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For Sale
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High-yield retail land, development potential.

Property Features for 727 Flagler St

General Information

Property type
Retail properties

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Listing Contact
Giovanni Vasquez
Giovanni Vasquez

Listing Agency: synergy realty advisors Listing Agent: Giovanni Vasquez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Prime Miami location (727 West Flagler St, 33130) offers a 7,000 sq ft lot with a 1,845 sq ft retail building housing three separate stores generating a current NOI of $45,329, and a projected NOI of $68,229. The asking price is $1,899,000, representing a current cap rate of 2.39% and a pro-forma cap rate of 3.59%. Current rental income totals $5,400 per month, with two tenants on one-year leases and one on a month-to-month agreement. The property boasts 55 feet of frontage and a depth of 136 feet, situated within the T6-12-O-URBAN CORE ZONE. This zoning allows for significant multifamily development potential; estimates suggest up to approximately 34 units could be feasible under the Live Local Act (SB 102), though buyers are advised to conduct their own due diligence regarding development feasibility. The potential for expansion exists, with adjacent lots possibly available for purchase. APN: 01-0200-080-1170.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

NO LIMITS INSURANCE ... Insurance Agency CRAZY PRICES OUTLET Department Store

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.2066115
Latitude
25.7739016

FAQs

What type of property is this?
Retail property - High-yield retail land, development potential.
Where is this retail property located?
The property is located at 727 Flagler St Miami, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 1,845 SF retail building on a 7,000 SF lot.; Three retail spaces generating $5,400/month in current rent (two 1-year, one month-to-month lease).; T6-12-O zoning allows potential multifamily development (up to ~34 units under SB 102; buyer due diligence required).
(786) 536-7287 Call to check price and availability
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