Retail Space at 1801 West Flagler Street in Little Havana
$1,250,000
1801 West Flagler Street, Miami, FL 33135
3,780 SF
Square Feet
$331
PPSF
Property Description
Marcus & Millichap is pleased to present for sale this retail asset located at 1801 West Flagler Street in Miami’s Little Havana Neighborhood. This property consists of 3780 SF of building sitting on a 6,728 SF parcel, situated on the corner of 18th and Flagler the property benefits from great visibility, private parking lot, and Easy access.
This property is exposed to traffic counts of over 20,000 vehicles per day. 1801 W Flagler Street is strategically located in the heart of Miami less than 10 minutes from major attractions such as Marlins Park, Downtown Miami, Calle Ocho, and home of the Miami Heat - the Kaseya Center. This site consists of 4 tenants that are all on MTM leases paying below market
rent. This allows for investors to immediately add value, by raising rents to market or a unique opportunity for an owner user to occupy the building.
Little Havana is one of the fastest growing neighborhoods in all of Miami with thousands of multifamily units predicted to be completed within the coming years. Additionally, Little Havana boast over 315,000 people within a 3-mile radius, and Jackson Health Systems employs over 10,500 people.
Property Details
Asset Type
Retail
Year Built
1974
Zoning
T6-8-O
Lot Size
6,728 SF
Neighborhood
Little Havana
Submarket
Miami
ZIP
33135
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$71,108
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$5,926
Annual Debt Service
$71,108
View on Map
Address
1801 West Flagler Street
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.