4585 W Flagler St - Churches FOR SALE


Miami, FL 33134- Flagami
$3,750,000 USD
772-215-3436
4585 W Flagler St, Miami, FL for Sale
$3,750,000 USD
Churches - FOR SALE
1/3
null | Request Cap Rate

NEW


4585 W Flagler St
Miami, FL 33134
Flagami


HIGHLIGHTS

  • Prime Hard Corner: Command a signalized intersection with ±31,500 ADT and ±175 linear feet of high-visibility frontage on W Flagler St
  • High-Density Development: T5-L Urban Center zoning allows for 5 stories and up to 57 units by-right on a massive ±0.88-acre lot.
  • Unrivaled Parking: Features 35+ dedicated private spaces, a critical and rare operational advantage in this high-density submarket.
  • Modernized CBS Asset: Robust ±9,114 SF masonry structure with a documented newer roof (late 2010s) and upgraded HVAC systems.
  • Strategic Location: Ideally situated just minutes from Miami, Coral Gables, and Coconut Grove

OVERVIEW

A rare chance to acquire a landmark signalized corner at 4585 W Flagler Street. The ±38,542 SF footprint provides unrivaled visibility and access at the gateway to Coral Gables. Featuring a robust ±9,114 SF CBS structure and a rare 35+ space private parking lot, this asset is a "triple-threat" play for developers, owner-users, and value-add investors in one of Miami's most high-traffic east-west corridors (±31,500 ADT). Direct Redevelopment: Capitalize on T5-L Urban Center zoning to develop a 5-story mixed-use or multi-family project with up to 57 residential units by-right. Adaptive Reuse & Repositioning: Leverage the open CBS construction to create a flagship medical clinic, creative office hub, or modern retail center. Turn-Key Institutional Use: An exceptional "plug-and-play" opportunity for churches, schools, or non-profits seeking a prominent community facility with significant on-site parking—a premium rarity in this submarket. Location Highlights: Situated on a signalized intersection with exceptional frontage, the property benefits from the ongoing Flagler Street Beautification Project, ensuring long-term appreciation

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redevelopment, Reuse, or Flagship Facility

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,542 SF

ZONING

6107

APN/PARCEL ID

01-4105-026-0010

ASK ABOUT THIS PROPERTY

Carlos PelaezIndex Development ManagementMore Info
772-215-3436

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Carlos PelaezIndex Development ManagementMore Info
772-215-3436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.