1644 SW Flagler Ter
Miami, FL 33135
Yambo Restaurant Turn Key · Retail Property For Sale

"Yambo" 1644 SW Flagler Terrace is a prime mixed-use commercial asset located in the heart of Little Havana, one of Miami’s most culturally significant and high-demand urban neighborhoods. The property is positioned just two blocks from world-famous Calle Ocho (SW 8th Street) and benefits from excellent exposure to major thoroughfares, including SW 1st Street (16,500 AADT) and W Flagler Street / SW 17th Avenue (22,500 AADT), providing strong daily traffic and visibility.
The property features a 3,035 SF freestanding building situated on a 7,000 SF lot, offering investors immediate cash flow with long-term redevelopment upside. Zoned T6-8-O, the site allows for high-density residential, commercial, or mixed-use development, making it highly attractive for future vertical expansion in a supply-constrained submarket. Currently, the building is occupied by the world-famous Yambo Restaurant, a well-established Little Havana institution with proven annual gross sales exceeding $3,000,000. This exceptional sales performance highlights the strength of the location and supports the tenant’s willingness to remain in place at a monthly rental rate of $8,500, providing stable in-place income while preserving future redevelopment optionality.
Little Havana continues to benefit from strong demand driven by its proximity to Brickell, Downtown Miami, and the Miami Health District, all located within minutes of the property. Ongoing reinvestment, strong traffic counts, and flexible zoning make this offering a rare opportunity to acquire a cash-flowing asset with significant long-term upside in one of Miami’s most iconic corridors.