4735 W Flagler St - Restaurant FOR SALE


Coral Gables, FL 33134
$5,000,000 USD
305-968-8932
4735 W Flagler St, Coral Gables, FL for Sale
$5,000,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

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4735 W Flagler St
Coral Gables, FL 33134


HIGHLIGHTS

  • Ideal redevelopment site utilizing the Live Local Act
  • The site is being sold below recent comparable nearby prices per sq ft of land.
  • Buyer can increase NOI by converting gross leases to NNN leases.
  • 5 Tenants are month-to-month. 2 Tenans have lease expirations in 2026.

OVERVIEW

The property is currently 100% occupied, with tenants on month-to- month and expiring leases. Current tenants are paying below market rents. This scenario presents significant potential for rental income growth. Additionally, the existing gross leases can be converted to NNN leases. Water and Trash are currently paid by the Landlord, however by transitioning these costs to the individual Tenants, which is common practice, a buyer can further enhancing the return on their investment.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$769 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fortuna Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,918 SF

ZONING

T6-8-0

APN/PARCEL ID

01-4106-036-0020

ASK ABOUT THIS PROPERTY

Andrew RosenbergUpside PartnersMore Info
305-968-8932

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Andrew RosenbergUpside PartnersMore Info
305-968-8932

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