Flagler Street Building In Downtown Miami Hits The Market

Marcus & Millichap Real Estate Investment Service has received the exclusive listing for a 32,838-square foot, mixed-use building with ground floor retail in downtown Miami.

The impressive redevelopment opportunity is priced at $5 million.

Ryan Shaw, a Senior Associate in Marcus & Millichap’s Miami office, is representing the seller, a limited liability company from Massachusetts.

“This is an excellent redevelopment opportunity in downtown Miami’s central business district. Neighboring properties include Macy’s department store, Miami-Dade County Courthouse and the Seybold Building Diamond Center. Miami’s Downtown People Mover station is one block away and two blocks west are three new condominium projects that are mostly occupied.  The property allows for high-rise redevelopment of approximately 385 units and a maximum height of 80 floors,” says Shaw.

The two-story, mixed-use building is currently 100 percent occupied by Foot Locker.  The Flagler Street Foot Locker building is located at 38 East Flagler Street in Miami.




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