855.725.5890
Address5840 Sw 71 St, Miami, FL, 33143
Price$9,000,000
- Commercial Sale
- Built in 2017
Discover a unique investment opportunity in South Miami, near US-1 and the University of Miami. This standalone, multi-tenant building is in the City's Specialty Retail—Hometown District Overlay. Covering 6,384 SF on a 10,700 SF lot, it boasts a Floor Area Ratio (FAR) of 1.6 and permits up to 4 stories. The property features two fully equipped, second-generation restaurant spaces with complete kitchens, hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances open-air dining. Located in an Opportunity Zone, it allows for extended operations until 4 AM without on-site parking requirements. For investors, leasing at market rates of $85.00 NNN would generate a Net Operating Income (NOI) of $542,640 and a 6% Cap Rate.
Essential Information
- MLS® #A11382351
- Price$9,000,000
- Bathrooms0.00
- Acres0.00
- Year Built2017
- TypeCommercial Sale
- Sub-TypeRetail
- StyleDetached
- StatusActive
Community Information
- Address5840 Sw 71 St
- Area40
- CityMiami
- CountyMiami-Dade County
- StateFL
- Zip Code33143
Interior
- CoolingCentral Air
Additional Information
- Date ListedMay 4th, 2023
- Days on Website425
Listing Details
- OfficeRE/MAX 360 Real Estate
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