4708 W Flagler Street presents an exceptional opportunity to acquire a two-story, multi-tenant retail asset in Miami’s rapidly growing West Flagler corridor, minutes from the vibrant cultural hub of Little Havana. Spanning 11,620 square feet, the property features a well-configured mix of retail space, including five fully leased ground-floor retail tenants, and a single second-floor residential unit. The building’s corner location secures it with excellent visibility along Flagler Street, benefiting from exposure to over 38,000 vehicles per day (VPD).
Anchored by The Nail Bar, the center's other tenants, including a florist, a travel agency, a photography studio, and a family medical practice, create a diverse tenant mix and stable cash flow for investors. Situated along Flagler Street, a main thoroughfare connecting Downtown Miami to Florida’s Turnpike, the asset benefits from strong national retail drivers nearby, such as Starbucks, Sedano’s, and Bank of America. With a pro forma net operating income exceeding $212,000 and a pro forma cap rate of 6.5%, 4708 W Flagler Street offers immediate income and significant value-add potential for investors seeking long-term growth in a market with strong demographics and robust consumer spending.
With an average home value of $506,746 and a population of 562,995 within a 5-mile radius, this location drives $5.7 billion in total consumer spending, positioning it as a premier investment opportunity in one of Miami’s most desirable retail corridors.
Note: A 3% buyer broker commission is being offered. Contact Albert at AJC Invest for more details.