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.
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.
Property Details
Price:
$9,000,000
MLS #:
A11382351
Status:
Active
Beds:
0
Baths:
0
Address:
5840 SW 71 St
Type:
Commercial
Subtype:
Retail
City:
Miami
Listed Date:
May 4, 2023
State:
FL
Finished Sq Ft:
6,384
Total Sq Ft:
6,384
ZIP:
33143
Year Built:
2017
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Cooling
Central Building A/ C
Exterior
Financial
Taxes
$72,496
Map
Community
- Address5840 SW 71 St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33143
Similar Listings Nearby
- 306 Alcazar Ave
Coral Gables, FL$10,650,000
3.70 miles away
- 7400 SW 57th Ave
South Miami, FL$8,995,000
0.24 miles away
- 4700 S Le Jeune Rd
Coral Gables, FL$7,500,000
2.31 miles away
- 35 Antilla Ave
Coral Gables, FL$6,500,000
4.33 miles away
- 2635 SW 12th St
Miami, FL$6,500,000
5.00 miles away
Courtesy of RE/MAX 360 Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
5840 SW 71 St
Miami, FL
LIGHTBOX-IMAGES
Recent Comments