Contacts

Andrew Rosenberg

Upside Partners

Property Details

Property Type Retail
Property Size 7,549 SF
Additional Rent Contact for pricing
Year Built 1946
Date Updated Oct 11, 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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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).

Attachments

47314747wflaglerstreet.sharplaunch.com (PDF) opens in new window

Getting around

69/100
Walk Score ®
49/100
Transit Score ®
57/100
Bike Score ®

Powered by Walk Score ®

City Miami, FL
Neighborhood Flagami
Zip Code 33134
Market Miami

Points of Interest

Miami Intermodal Center

1.68 miles
2

1.77 miles
1

1.77 miles
3

1.84 miles
Santa Clara

3.53 miles
Wilkie D. Ferguson, Jr.

4.43 miles
Miami Avenue

4.53 miles
Third Street

4.53 miles
Fifth Street

4.62 miles
College North

4.63 miles

Shell

0.37 miles
Westar

0.37 miles
Chevron

0.66 miles
Chevron

0.69 miles
Chevron

0.75 miles
Shell

0.95 miles
Chevron

1.44 miles
Shell

1.67 miles
Shell

1.76 miles
Chevron

1.79 miles

Hilton Miami Airport

1.04 miles
South Parking Long-Term

1.56 miles
Flamingo Parking

1.58 miles
Short Term Parking

1.65 miles
Dolphin Parking

1.67 miles
Parking for Barnes & Noble

1.78 miles
Cell Phone Lot

2.13 miles
First Base Garage

2.86 miles
Home Plate Garage

2.89 miles
Center Field Garage

2.96 miles

Pizza Hut

0.14 miles
Subway

0.16 miles
IHOP

0.19 miles
Madrid Restaurant

0.32 miles
Hereford Grill

0.43 miles
G Spot

0.48 miles
Catch of the Day

0.62 miles
Little Caesars

0.65 miles
Barzola

0.66 miles
La Granja

0.68 miles

Sedano's Supermarket

0.54 miles
Sedano's

0.79 miles
Fresco y Mas

0.83 miles
Publix

1.28 miles
Target

1.36 miles
Los Amigos Supermarket

1.50 miles
Publix

1.50 miles
Burlington

1.54 miles
Xpress Spa

1.76 miles
Sears

1.77 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

4731-4747 W Flagler Street