Home » Properties » 4831 W Flagler St, Miami FL 33134

Prime Commercial Land with Hotel & Apartment Complex in Flagami, Miami

38,676 SF commercial land with multiple buildings offering redevelopment potential in Miami’s central Flagami neighborhood.

$7,500,000

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MLS #A11861774

Listing Updated: 2026-07-14 12:43:55

Listed By: Fausto Commercial Realty Consultants Inc

Overview

This unique commercial assemblage in Flagami, Miami features a 16-unit hotel, a triplex, and three 5-unit buildings on a 38,676-square-foot lot. Zoned T5-L with parking, it presents excellent redevelopment opportunities in a thriving, centralized community. Flagami offers quick access to Miami’s key neighborhoods like Coral Gables, Little Havana, and Fountainbleu, as well as important economic centers including the airport and the upcoming Freedom Park mega development. This site is well-positioned to support housing for Miami’s active middle workforce in a vibrant urban setting with strong connectivity.

Property Highlights

Commercial assemblage in Flagami with hotel and multi-unit buildings on 38,676 SF lot Zoned T5-L with parking and prime redevelopment potential Close to Coral Gables, Little Havana, airport, and Freedom Park development Great for housing Miami’s central workforce in a connected neighborhood

Property Details

City: Miami

State: FL

Zip Code: 33134

Address: 4831 W Flagler St, Miami FL 33134

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: Fausto Commercial Realty Consultants Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $25,170

Days On Market: 306 Days

Original Listing Description

Hotel & Apartment Assemblage Covered Land Play w/ Excellent Redevelopment Potential, in Flagami. Flagami is a central Miami working & bedroom & community that has great connectivity to surrounding neighborhoods such as Coral Gables, Little Havana, Fountainbleu & more; as well as populated by an endless list of thriving businesses and in proximity to major economic engines such as the airport and the soon-to-be-delivered 56 acre Mega Development Freedom Park. This is an ideal location for housing Miami’s active middle workforce, & residents will be motivated to live in this centric and thriving neighborhood . Site features a 16 unit Hotel building, a triplex, & three 5 unit building, all situated on 38,676 SF lot zoned T5-L w/parking is prime for developers as a covered-land opportunity.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

4831 W Flagler St, Miami FL 33134

About This Neighborhood

Flagami is a dynamic Miami neighborhood offering a blend of residential and commercial activity. It enjoys excellent connectivity to Coral Gables, Little Havana, and other vibrant communities. Residents and visitors appreciate its diverse businesses and proximity to economic hubs, making it an attractive area for live-work balance. This assemblage is centrally situated to take full advantage of Flagami’s ongoing revitalization and community spirit.

Walkability & Lifestyle

Flagami offers a walkable lifestyle with diverse dining, shops, and local businesses woven into the community fabric. Residents enjoy easy access to major transit routes and nearby neighborhoods like Little Havana and Coral Gables. The area’s urban convenience is complemented by nearby parks and recreational spaces, inviting a balance of activity and relaxation just steps from home.

Things To Do Nearby

The neighborhood’s location opens doors to a variety of leisure opportunities, including authentic Latin cuisine, vibrant nightlife, and cultural attractions in nearby Little Havana. Outdoor enthusiasts can explore green spaces and waterfront amenities close by, while Freedom Park and Miami’s broader urban offerings add to the diverse recreational and entertainment options for residents and visitors alike.

Nearby Schools

Families and workforce residents in Flagami benefit from access to nearby educational options throughout Miami’s established communities. The neighborhood's central location ensures manageable commutes to a variety of public and private schools, making it a convenient choice for those prioritizing education accessibility while living close to economic and cultural centers.

Why Buyers Like This Area

Buyers appreciate this Flagami assemblage for its central location and diverse usage potential. The property’s proximity to Miami’s key districts and economic corridors appeals to those seeking flexibility between hospitality and residential redevelopment. Its scale and zoning offer an ideal canvas for visionary projects that cater to workforce housing needs within a lively community framework.

Investment Potential

This Flagami property presents a rare covered land opportunity for developers looking to capitalize on Miami’s evolving urban landscape. The assemblage includes existing hotel and apartment buildings, allowing flexibility for redevelopment or continued rental operations. Its location near the airport, Freedom Park, and several key neighborhoods enhances its appeal, particularly for those focused on housing solutions for the area’s workforce. Careful consideration of the site’s T5-L zoning enables creative planning in this bustling district.

Market Trends

Miami’s real estate market continues to see demand for centrally located, mixed-use properties that support multifamily and hospitality uses. Flagami’s strategic location near transport nodes and the upcoming Freedom Park development signals potential for growth. The area is gaining traction among developers aiming at workforce-oriented projects, contributing to a lively market characterized by ongoing redevelopment and modernization efforts.

Rental Income Potential

The existing hotel and apartment buildings on this land provide a foundation for rental income, serving both transient travelers and long-term residents. Flagami’s proximity to Miami International Airport and other key employment centers supports steady rental demand. Seasonal tourism and business travel also add appeal to the hotel units, while the residential apartments cater to the workforce population in this central location.