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Retail Space at 1801 West Flagler Street in Little Havana

Retail Space at 1801 West Flagler Street in Little Havana
FOR SALE
View more

$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

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Miami Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

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Eduardo "Eddie" Toledo

Eduardo "Eddie" Toledo

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Jonathan De La Rosa

Jonathan De La Rosa

Senior Vice President

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Eduardo "Eddie" Toledo

Eduardo "Eddie" Toledo

Vice President

76 closed

Call
Jonathan De La Rosa

Jonathan De La Rosa

Senior Vice President

60 closed

Call