Flagler Street Retail Center 4735 W Flagler St Coral Gables, FL 33134



Investment Highlights:
  1. Prime Redevelopment Potential: Positioned under the Live Local Act, the property at 4731-4747 W Flagler Street offers an ideal redevelopment opportunity in Miami’s expanding West Flagler submarket. This strategic location on Flagler Street near Little Havana ensures sustained growth and demand.
  2. Significant Upside in Rental Income: The current tenants are operating under below-market gross leases, presenting a clear opportunity to increase Net Operating Income (NOI) by converting these leases to NNN leases. This shift not only increases income but also transfers utility and maintenance costs to tenants, enhancing profitability.
  3. Below Market Acquisition Cost: The property is priced attractively below recent comparable land prices per square foot in the vicinity. This favorable pricing provides immediate value and potential capital appreciation upon redevelopment or lease renegotiation.
  4. Flexible Tenant Base: The property is fully occupied with a mix of month-to-month tenants and leases expiring in 2026. This flexibility allows for strategic tenant management and lease restructuring to maximize income streams and tenant stability.
  5. High Demand for Small Retail Spaces: The center’s configuration, particularly its smaller bay sizes, meets a strong market demand with minimal vacancy in this category within the submarket. This unique feature enhances the property’s desirability and leasing potential.
Upside Partners is pleased to present an exclusive opportunity to acquire 4731-4747 W Flagler Street, a fully occupied retail property located prominently on Flagler Street in Miami. This offering is ideal for investors looking to capitalize on the rapidly expanding West Flagler submarket. The property currently operates under favorable leasing conditions with potential for substantial income growth through lease conversions and market-aligned rental adjustments. With strategic positioning and strong market fundamentals, this property promises significant returns and long-term value appreciation in Miami’s thriving commercial real estate landscape.


  • Lot area (sqft):
    25700 sqft
  • Building area (sqft)::
    7549 sqft
  • Price ($):
  • Year built:
  • Single Asset