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
ZIP:
33143
Year Built:
2017
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Building A/ C
Exterior
Financial
Buyer Agent Compensation
2.75%%
Taxes
$72,496
Map
Community
- Address5840 SW 71 St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33143
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