637 Flagler StMiami, FL 33128

This exceptional Miami property presents a unique investment opportunity encompassing two buildings on a 15,000 sq ft lot at 637/627 W Flagler St, Miami, FL 33128. Currently operating as a 55-key hotel with 55 units, this mixed-use asset offers significant upside potential. Built in 1929, the two-story structures sit on a substantial lot, zoned T6-12-0, allowing for the development of up to 100 residential units. The property's prime location, just one block from the Miami River and close to Brickell Avenue, ensures high visibility and strong rental demand. The asking price is $6,000,000. This presents a rare chance to acquire a well-positioned hospitality asset with substantial redevelopment potential in a thriving Miami market. The existing hotel infrastructure provides immediate cash flow, while the zoning regulations unlock significant future development possibilities. Investors seeking a blend of immediate return and long-term growth will find this property particularly attractive. The substantial lot size and favorable zoning make this an ideal candidate for a high-density residential project, capitalizing on the area's robust real estate market. This is a truly exceptional opportunity to acquire a significant piece of Miami real estate with multiple avenues for profitable investment.