727 W Flagler St, Miami FL 33130

This retail property sits on a 0.1607-acre (7,000 SF) lot with a building area of 1,845 SF and three retail stores. Current rents are $2,300, $2,200, and $900. Two tenants have 1-year leases, and the third is month-to-month. Located in a T6-12-O zoning area, allowing 150 apartment units per acre, the lot could support around 24 units. Under the Live Local Act (SB 102), which allows a 40% density increase, approximately 34 units may be possible.*Buyers should conduct their own due diligence regarding development feasibility.* Adjacent lots may also be available for purchase, providing more potential. The property has 55 feet of frontage and a depth of 136 feet.