251 E Flagler St | Miami, FL 33131
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- LoopNet Team
251 E Flagler St
Miami, FL 33131
Flagler Central Development Site · Land For Sale
·
2.51 AC
INVESTMENT HIGHLIGHTS
- Strategically positioned on iconic Flagler Street in Downtown Miami, merging the city's vibrant essence with immense redevelopment potential.
- Transportation access points including the First Street Metro-mover Station, Bayfront Park Station, and the Miami Brightline Station.
- 251 E Flagler operates as a 164,000-square-foot, three-story, mixed-use shopping plaza, hosting 69 tenants and anchored by Marshalls
- T6-80 zoning, which is among Miami 21's most liberal designations, and further complemented by its position within the Downtown Density Overlay.
PROPERTY FACTS
DESCRIPTION
Currently, the property features a 164,000-square-foot, three-story shopping center, anchored by Marshalls. Existing leases have a 180-day demolition clause, allowing for expedited redevelopment while providing a stream of income. The prospect can utilize a land banking strategy by continuing operations of the current building, adjusting rents to market rates, and redeveloping in the future.
PROPERTY TAXES
| Parcel Number | 01-0111-080-1140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $21,890,683 |
PROPERTY TAXES
Parcel Number
01-0111-080-1140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$21,890,683
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