$1,200,000
$749K PRICE DROP

727 W Flagler St Miami, FL 33130

Riverside Neighborhood

Estimated payment $7,644/month

Total Views 2,264
0.16 Acre
$7,500,000 Price per Acre
7,000 Sq Ft Lot

About This Lot

SELLER FINANCING AVAILABLE – 3-unit retail property with rear parking on busy W Flagler St, minutes from Miami’s urban core. Zoned T6-12-O, offering several options: build up to 4 townhomes on the 7,000 SF lot, assemble with neighbors for up to 12 stories (±24–34 units with Live Local Act), or expand the existing 1,845 SF building to add square footage and income. All units are leased, providing immediate cash flow while planning redevelopment. Perfect covered land play, future multifamily, or owner-user use such as a pet hotel, veterinarian, medical office, or professional practice. The location offers strong visibility, heavy traffic counts, and quick access to Downtown, Brickell, and major highways, making it a rare investment with both income and development upside.

Listing Agent

Giovanni Vasquez

Synergy Realty Advisors License #3333058 Listed on: 09/24/2024

Co-Listing Agent

Andros Sarduy

Synergy Realty Advisors License #3225429

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,907

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 55x136
  • Property is zoned 6110

Location

  • City Lot

Community Details

  • No Home Owners Association
  • City Of Miami South Condos
  • City Of Miami South Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-02-00-080-1170

Property Details

Property Type

Land

Est. Annual Taxes

$15,907

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Commercial
  • Co List Office Mls Id: SGRA01
  • Co List Office Phone: 786-536-7287
  • Horses: No
  • Lot Size Acres: 0.16
  • Lot Size: 55x136
  • New Construction: No
  • Road Frontage Type: County Road, City/County Maintained, Public Road
  • Structure Type: Commercial
  • Subdivision Name: CITY OF MIAMI SOUTH
  • CurrentPrice: 1200000
  • InternetRemarks: Please call listing agent
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Urban Commercial

Exterior Features

  • View: None
  • Lot Features: City Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CITY OF MIAMI SOUTH

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-02-00-080-1170
  • Current Use: Unimproved Business/Commercial
  • Lot Size Sq Ft: 7000
  • Zoning: 6110

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15907

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,351 $562,498 -- --
2024 $15,907 $511,362 -- --
2023 $15,907 $464,875 $0 $0
2022 $10,625 $422,614 $0 $0
2021 $9,486 $384,195 $0 $0
2020 $8,784 $537,972 $525,000 $12,972
2019 $8,104 $503,003 $490,000 $13,003
2018 $7,259 $468,793 $455,000 $13,793
2017 $6,268 $262,412 $0 $0
2016 $6,124 $238,557 $0 $0
2015 $7,078 $312,807 $0 $0
2014 $7,216 $312,420 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2025 11/26/25 Price Changed $1,200,000 -7.6% --
08/21/2025 08/21/25 Price Changed $1,299,000 -3.8% --
08/11/2025 08/11/25 Price Changed $1,350,000 -9.9% --
01/30/2025 01/30/25 Price Changed $1,499,000 -6.3% --
01/09/2025 01/09/25 Price Changed $1,599,000 -5.9% --
12/12/2024 12/12/24 Price Changed $1,699,000 -10.5% --
11/19/2024 11/19/24 Price Changed $1,899,000 -2.6% --
09/24/2024 09/24/24 For Sale $1,949,000 -- --
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $90,000 Commercial
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11664550

MIAMI REALTORS® MLS

APN: 01-0200-080-1170

Florida Miami/Dade County Miami 33128 Riverside

727 W Flagler St, Miami, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Giovanni Vasquez
Listing Agent
Giovanni Vasquez
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Synergy Realty Advisors
(645) 218-9488