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5840 SW 71st St

South Miami, Florida, 33143, United States

Property ID: #677293 // commercial
5840 SW 71st St
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Traditional Sale
List Price:
$9,000,000.00
Icon - ft²
Icon 0.25 acres
Icon - beds
Icon - baths
Address:
5840 SW 71st St
City:
South Miami
State:
Florida
Zip Code:
33143
County:
Miami-Dade County
Country:
United States
Property Type:
Commercial
Additional Property Types:
Retail
Year Built:
2017
Lot Size:
0.25 acres
Data Source:
Miami MLS
MLS/Reference Number(s):
A11382351
Source Status:
Active
Source Property Type:
Commercial, Retail

Property Provided By

  • Cynthia Lamaa
  • RE/MAX 360 Real Estate
  • +1 (305) 778-8944
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Property Information

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.

Source Disclaimer

Miami MLS

Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.
Courtesy of RE/MAX 360 Real Estate.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last updated on 2024-05-24 13:00:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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