Flagler Central Development Site

2.51 Acres of Commercial Land in Miami, FL 33131

Property Type: Land

Listing Contacts

Virgilio Fernandez

Verified Profile

Pablo Camposano

Verified Profile

Property Info

Property Overview

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 Details

Property Subtype: Commercial

Highlights

Strategically positioned on iconic Flagler Street in Downtown Miami, merging the city's vibrant essence with immense redevelopment potential.
251 E Flagler operates as a 164,000-square-foot, three-story, mixed-use shopping plaza, hosting 69 tenants and anchored by Marshalls
Transportation access points including the First Street Metro-mover Station, Bayfront Park Station, and the Miami Brightline Station.
T6-80 zoning, which is among Miami 21's most liberal designations, and further complemented by its position within the Downtown Density Overlay.

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