Property Details for 4731 Flagler St

Property size

7,549 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 7,549 square foot shopping center in Miami, Florida, presents a compelling investment opportunity. Located at 4731 W Flagler St, 33134, this Class B retail property boasts 100% occupancy across seven tenants, offering immediate cash flow. Five tenants operate on month-to-month leases, while two have leases expiring in 2026, providing significant upside potential for rental income growth. Current rents are substantially below market rates, allowing for immediate increases in Net Operating Income (NOI). The property features 22 parking spaces and sits on a 25,968 square foot lot, with a land value of $193 per square foot. The asking price is $5,000,000 ($662.34/sq ft). The current lease structure is gross, but conversion to NNN leases would further enhance profitability. The property benefits from excellent visibility and access on Flagler Street, a high-traffic thoroughfare with 38,000 cars daily. This ideal redevelopment site is being offered below recent comparable prices per square foot of land, making it an attractive acquisition for investors seeking significant returns. The property's small unit sizes are highly desirable in the current market, and the potential to pass on water and trash expenses to tenants adds to its financial appeal. This is a rare opportunity to acquire a fully leased, high-growth retail property in a rapidly developing area of Miami.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.2724

Latitude

25.7716