2924 W Flagler St, Miami, FL 33135
2924 W Flagler St, Miami, FL 33135
2924 W Flagler St, Miami, FL 33135
2924 W Flagler St, Miami, FL 33135
2924 W Flagler St, Miami, FL 33135
2924 W Flagler St, Miami, FL 33135
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Marquita King

Marquita King

+1(678) 584-3765
$ 2,775,000
Est. payment | /mo

2,846 SqFt

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$ 2,775,000
Est. payment | /mo
Save Virtual Tour

2,846 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,846 sqft

Price per Sqft $975

MLS Listing ID A12121659

Style Detached

HOA Y/N No

Year Built 1925

Annual Tax Amount $22,235

Tax Year 2025

Lot Size 0.344 Acres

Property Sub-Type Retail

Property Description

Freestanding single-tenant retail building leased to Buckeye Check Cashing of Florida, Inc. dba InstaLoan on a brand new absolute NNN lease. Tenant signed in April 2026, took possession November 1, 2026 and base rent commences February 1, 2027. Lease runs through January 31, 2032 with 3% annual increases and four 5-year renewal options. Tenant pays real estate taxes, insurance, utilities and all maintenance and repair including roof, structure, parking and HVAC. No landlord responsibilities. Offered at $2,775,000, a 5.74% cap rate on year-one NOI of $159,376, rising to 6.46% by lease year five. InstaLoan is part of a family of brands with more than 1,500 locations in 25 states. 2,846 SF building centered on a 15,000 SF (100 x 150) lot with 22 parking spaces. T5-L (Miami 21) zoning on West Flagler Street, minutes from Downtown Miami, Brickell, Coral Gables and MIA. Do not disturb tenant; all showings by appointment through listing agent.

Location

State FL

County Miami-dade

Area 41

Zoning 6107

Direction On West Flagler Street near SW 29th Avenue.

Exterior

Total Parking Spaces 22

Private Pool Yes

Building

Story 1

Architectural Style Detached

Level or Stories One

Others

Tax ID 01-41-03-040-0430

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12121659

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Synergy Realty Advisors
Nearby Locations
Marquita King

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2924 W Flagler St