4708 W Flagler St - Storefront Retail/Residential FOR SALE


Miami, FL 33134- Flagami
$2,975,000 USD
786-673-6997
4708 W Flagler St, Miami, FL for Sale
$2,975,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 7.13% Cap Rate

4708 W Flagler St
Miami, FL 33134
Flagami


HIGHLIGHTS

  • Fully leased 11,620-square-foot, two-story retail asset with a single residential tenant, ensuring steady cash flow and strategic upside potential.
  • Prime corner location on Flagler Street and SW 47th Avenue with visibility to over 38,000 vehicles daily (VPD) and access to major national retailers.
  • Pro forma NOI exceeding $212,000 with a 6.5% cap rate, ideal for investors prioritizing yield, stability, and asset appreciation potential.
  • Strong regional demographics support sustained growth, including a population of 562,995 and $5.7B in total consumer spending within 5 miles.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3% Buyer's Broker Commission

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

6100

APN/PARCEL ID

01-4106-014-0010

ASK ABOUT THIS PROPERTY

Albert J. CabreraAJC InvestMore Info
786-673-6997

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Albert J. CabreraAJC InvestMore Info
786-673-6997

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