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200 E Flagler St
Miami, FL 33131
200 Flagler · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Historic landmark: 1936/37 Walgreens Building; National Register of Historic Places
- Multi-level concept: Floors 1–3 food hall, Floors 4–5 office/coworking, rooftop, basement speakeasy/music bar
- Upside / incentives: 10-year historic tax abatement + remaining TDD/TDR potential
- 2024 repositioning: renovated + reintroduced as food hall & entertainment destination
- Prime Downtown Miami corner: E Flagler St & SE 2nd Ave; Walk Score 96 / Transit Score 100
EXECUTIVE SUMMARY
Located at the epicenter of Downtown Miami, 200 Flagler—situated at 200 E Flagler Street—stands as a distinguished five-story Art Deco landmark originally constructed in 1936 as the historic Walgreens Building. Listed on the National Register of Historic Places, this architectural icon was thought fully repositioned in 2024 into a vibrant food hall and entertainment destination. Today, 200 Flagler presents a rare opportunity town a reimagined historic asset at the very heart of Miami’s urban core—blending cultural heritage with modern activation potential. For the right operator or investor, the property offers exceptional scalability and the ability to drive both sustained foot traffic and meaningful income potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
48,205 SF
Building Class
B
Year Built
1937
Percent Leased
90%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
5.29
Lot Size
0.21 AC
Zoning
CBD, 6401 - High-density mixed-use development including commercial, residential, and office uses in downtown Miami.
PROPERTY TAXES
| Parcel Number | 01-0112-000-1030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $10,326,219 CAD |
PROPERTY TAXES
Parcel Number
01-0112-000-1030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,326,219 CAD
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