For Sale

5840 SW 71 St, Miami, FL 33143

Miami, 5840 SW 71 St, FL, United States, 5840 SW 71 St, Miami, FL 33143
  • $9,000,000
  • $9,900,000

Overview

  • CommercialSale
  • Property Type
  • 6384.0
  • Sqft
  • 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.

Details

Updated on July 10, 2024 at 4:24 am
  • Property ID: 4197359
  • Price: $9,000,000
  • Property Size: 6384.0 Sqft
  • Land Area: 10700.0 Sqft
  • Year Built: 2017
  • Property Type: CommercialSale
  • Property Status: For Sale
  • MLS#: A11382351
  • Office Name: RE/MAX 360 REAL ESTATE
  • Agent Name: Cynthia Lamaa
  • MLS Status: Active

Additional details

  • Cooling: CentralAir
  • Tax Annual: 72496
  • County: Miami-Dade County
  • Property SubType: Retail
  • Water Source: Public
Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is 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. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-11-02T10:51:29.313. SAYGROUP REAL ESTATE  IS A TEAM OF REAL ESTATE AGENTS AFFILIATED WITH UNITED REALTY GROUP. UNITED REALTY GROUP OF FLORIDA IS A LICENSED REAL ESTATE BROKER AND ABIDES BY EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.

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