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Ground-floor retail building on historic Flagler Street
123 E Flagler St, Miami, FL 33131MLS# DS-10256
Price: $3,450,000
Est. $23,626/mo- 2Baths
- 3,200Sq ft
- 3,500Sq ft lot
- 1925Built
- CommercialType
- $1,078Per sq ft
About this property
A two-story commercial building on Flagler Street, Miami’s historic main street, with a fully leased ground-floor retail space and a flexible second floor ready for offices, a showroom or a hospitality concept.
The 1925 masonry building retains its original arched openings and cast-stone details while being updated with impact storefronts, new electrical service and central air conditioning. The ground floor offers 1,800 square feet with high ceilings; the upper floor adds another 1,400 square feet with large windows on Flagler.
Downtown’s ongoing revival — including the Flagler Street streetscape project and thousands of new residential units within a few blocks — makes this a compelling long-term hold. Rent roll and leases available to qualified buyers with a signed NDA.
Features & amenities
- 24/7 security
- Central A/C
- Impact windows
Facts & details
Overview
- Property type
- Commercial
- Listing type
- For Sale
- Status
- Available
- Neighborhood
- Downtown Miami
- City
- Miami, FL 33131
- MLS #
- DS-10256
- Listed
- July 27, 2026
- Days on market
- 73 days
Interior
- Bathrooms
- 2
- Living area
- 3,200 sq ft
Building & lot
- Year built
- 1925
- Stories
- 2
- Lot size
- 3,500 sq ft
- Waterfront
- No
Financial
- List price
- $3,450,000
- Price per sq ft
- $1,078/sq ft
- Property tax
- $62,100/yr
- Est. monthly payment
- $23,626/mo
Location

The neighborhood
Downtown Miami, Miami
Museums, bayfront parks and the city’s cultural front row.
$770K median price4 homes listed
Monthly cost
Estimated monthly payment
$23,626/mo
- Principal & interest74%$17,445
- Property tax22%$5,175
- HOA dues0%$0
- Home insurance4%$1,006
- Loan amount
- $2,760,000
- Total interest
- $3,520,228
- Down payment
- 20%
Estimate only — not a loan offer. Taxes, insurance and rates vary; your lender will confirm the final figures.
Interested in this property?
Commercial Advisor · Doorstep Realty
Andrés Castillo · (305) 555-0108 · andres@doorstep.example
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