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Fortuna Shoppes 4735 W Flagler St

7,549 SF 100% Leased Retail Building Coral Gables, FL 33134 $5,000,000 ($662/SF)

Restaurants Florida Coral Gables 4735 W Flagler St, Coral Gables, FL 33134

Investment Highlights

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

Executive Summary

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.

Attachments

4731-4747 W Flagler St OM_Upside

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,549 SF
Building Class
C
Year Built
1946
Price
$5,000,000
Price Per SF
$662
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.59 AC
Zoning
T6-8-0 - T6-8-0
Parking
30 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
187 FT on W Flagler St

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Regions Bank
Presidente Supermarket
Starbucks
Boston Market
Sedano's
IHOP
Checkers
Bank of America
Eastern National Bank
WW

PROPERTY TAXES

Parcel Number 01-4106-036-0020 Improvements Assessment $0
Land Assessment $0 Total Assessment $2,184,872

PROPERTY TAXES

Parcel Number
01-4106-036-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,184,872
(305) 968-8932

Contact

  • Listing ID: 34174153

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 4735 W Flagler St, Coral Gables, FL 33134

More public record information on 4735 W Flagler St, Coral Gables, FL 33134

The Retail Property at 4735 W Flagler St, Coral Gables, FL 33134 is currently available for sale. Contact Upside Partners for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Fortuna Shoppes | 4735 W Flagler St
(305) 968-8932 x

Fortuna Shoppes | 4735 W Flagler St

Andrew Rosenberg

(305) 968-8932

(305) 968-8932

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