5840 SW 71 St, Miami FL 33143,Miami,Miami-Dade County,Commercial Sale

  • $9,000,000
Commercial Sale Active
5840 SW 71 St, Miami FL 33143
42 More
Commercial Sale Active
5840 SW 71 St, Miami FL 33143,Miami,Miami-Dade County,Commercial Sale
5840 SW 71 St, Miami FL 33143
  • $9,000,000

Overview

  • Retail
  • Property Type
  • 2017
  • Year Built

Description

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.

Address

Open on Google Maps
  • Address 71 St
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33143

Details

Updated on July 10, 2024 at 12:18 am
  • Property ID: A11382351
  • Price: $9,000,000
  • Year Built: 2017
  • Property Type: Retail
  • Property Status: Commercial Sale

Additional details

  • StreetDirPrefix: SW
  • PublicSurveyRange: 40
  • ShowingInstructions: See Broker Remarks,Showing Assist
  • CoListAgentDirectPhone: 305-772-8513
  • ListAgentKey: a61b8f983e9c693ad86e37e830427d98
  • TaxLegalDescription: COOPERS SUB PB 4-152 E5FT OF S40FT & E3FT OF N31.55FT OF S71.55FT OF LOT 21 & LOT 22 LESS W2FT OF N68.45FT & ALL LOTS 23 & 24 LOT SIZE IRREG
  • OnMarketDate: 2023-05-04
  • ListAgentEmail: [email protected]
  • ContractStatusChangeDate: 2023-05-04
  • MajorChangeTimestamp: 2024-05-23T17:03:26.733Z
  • PhotosCount: 47
  • Cooling: Central Building A/C
  • StatusChangeTimestamp: 2023-05-04T19:11:03.543Z
  • CoListOfficeName: RE/MAX 360 Real Estate
  • PriceChangeTimestamp: 2024-05-23T17:03:26.733Z
  • ListingKeyNumeric: 381659490
  • MajorChangeType: Price Decrease
  • ListingContractDate: 2023-05-04
  • CoListOfficeKey: b71e471826f98759bf9855bb1cd541d3
  • Zoning: 6300
  • ListAOR: A-Miami Association of REALTORS
  • TaxAnnualAmount: 72496
  • ListOfficeName: RE/MAX 360 Real Estate
  • CurrentUse: Retail
  • OriginatingSystemKey: miamire
  • BusinessType: Restaurant/Bar
  • PhotosChangeTimestamp: 2023-12-05T21:50:45.972Z
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 305-602-0360
  • MlsStatus: Active
  • StreetNumber: 5840
  • CoListOfficeMlsId: RXRE01
  • ListingKey: 5142b3847b39589457d14e06e64028e1
  • StateOrProvince: FL
  • CoListAgentEmail: [email protected]
  • ListOfficeKey: b71e471826f98759bf9855bb1cd541d3
  • BridgeModificationTimestamp: 2024-07-09T21:36:21.286Z
  • ListAgentFullName: Cynthia Lamaa
  • ListAgentOfficePhone: 305-602-0360
  • ParcelNumber: 09-40-25-030-0130
  • ListingTerms: All Cash,Conventional/Refinance
  • YearBuiltDetails: Resale
  • OtherExpense: 0
  • Possession: Funding
  • CoListAgentOfficePhone: 305-602-0360
  • IDXParticipationYN: 1
  • InternetAddressDisplayYN: 1
  • ListAgentMlsId: 3266189
  • WaterSource: Public
  • ModificationTimestamp: 2024-07-09T21:35:21.773Z
  • OriginatingSystemID: miamire
  • PreviousListPrice: 9900000
  • DaysOnMarket: 432
  • TransactionBrokerCompensation: 2.75%
  • BuyerAgencyCompensationType: %
  • ListOfficeMlsId: RXRE01
  • Inclusions: Building & Land
  • ListAgentDirectPhone: 305-778-8944
  • CoListAgentFullName: Billy Planes
  • CoListAgentKey: d4ee4c0e642de2a11ec80a6ee3e797ed
  • StreetNumberNumeric: 5840
  • CoListAgentStateLicense: 3085463
  • NumberOfUnitsInCommunity: 0
  • SyndicationRemarks: 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.
  • StructureType: Commercial,Free Standing,Restaurant,Retail
  • ListAgentStateLicense: 3266189
  • CoListAgentMlsId: 3085463
  • PublicSurveyTownship: 40
  • StreetName: 71 St
  • ListOfficeFax: 305-574-7885
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 25
  • SpecialListingConditions: Sale
  • OriginalListPrice: 11000000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: 1
  • BuyerAgencyCompensation: 2.75%
  • OriginalEntryTimestamp: 2023-05-04T19:11:03.543Z
  • SourceSystemKey: 381659490
  • LotFeatures: Central Business District,City Location
  • ListOfficeURL: https://tours.photostetic.com/5840sw71ststsouthmiamifl33143?b=0
  • LotSizeSquareFeet: 10700
  • CoListOfficePhone: 305-602-0360
  • BuildingAreaTotal: 6384
  • TransactionBrokerCompensationType: %

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%
Comment or Message

360° Virtual Tour

Contact Information

View Listings

Enquire About This Property

Comment or Message

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare