An historic Downtown Miami mixed-use property comprising 52,500 square feet is up for sale. Originally built in 1937 and renovated in 2024, the property at 200 E. Flagler has an asking price of $33 million. Avenue Real Estate Partners has the listing.
The distinctive building features five primary floors, a basement, and a rooftop, with T6-80-O zoning.
The property features an 8,296-square-foot ground-floor food hall, complemented by 14,195 square feet across the second and third floors, offering established hospitality infrastructure with kitchens, bars, and restrooms. The 8,508-square-foot fourth floor provides unfinished space for future development, while the 8,220-square-foot fifth floor includes completed office and coworking improvements. The 6,316-square-foot rooftop is designated for SALVAJE, A Japanese fire kitchen. The 7,048-square-foot basement accommodates the JOLENE entertainment concept and a commissary kitchen.
The property’s flexible configuration creates multiple opportunities to enhance net operating income through lease-up, tenant repositioning, and optimized rental structures. Additional upside includes a pending 10-year property tax abatement,
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