7,549 sqft

$4,700,000

4735 W Flagler St, Miami FL, 33134

Price per sqft$622.60

Built in1946

Property size7,549 sqft

Property typeCommercial

Overview

Active

Listed Aug 4, 2026

Updated 12 days ago

Fully occupied retail strip center with direct Flagler Street frontage in the expanding West Flagler submarket, minutes from Little Havana. Strong value add potential: in place rents are below market, five tenants are on month to month terms, and two leases expire in 2026, giving a new owner a clear path to reset rents. Additional upside available by converting gross leases to NNN and passing water and trash costs to tenants. Approximately 38,000 vehicles per day along Flagler provide excellent exposure, and small retail bays in this corridor stay in high demand with limited supply. Location may also support future redevelopment, including possible Live Local Act incentives. T6-8-O Zoning. Buyer to verify all information. Immediate cash flow with multiple ways to grow NOI in one of Miami's most established retail corridors.

Additional information

MLS^® ID: A12065127

Interior Features

Basement: No

Exterior Features

Lot Size: 0.6 Acres

Other Property Details

Taxes: $49,756
Tax Frequency: Annually

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 2:33 AM UTC, 9/26/2026.

Listed by: Miami New Realty, 305-485-3100