Discover a standout commercial investment in the heart of the City of South Miami; near US-1 and the University of Miami. This free-standing, multi-tenant property in the Specialty Retail – Hometown District offers versatility on a 10,700 SF lot with a 6,384 SF building. It boasts development potential (1.6 FAR, 4-story height limit), houses two ready-to-operate restaurants with full kitchens, and offers an outdoor dining courtyard. Located in an Opportunity Zone, allows operation until 4 AM and has relaxed parking regulations. Enhanced by nearby developments like Sunset Place and Avalon South Miami, it’s a strategic choice in a dynamic market.
Property Details
Price:
$9,900,000
MLS #:
A11382351
Status:
Active
Beds:
0
Baths:
0
Address:
5840 SW 71 St
Type:
Commercial
Subtype:
Retail
City:
South Miami
Listed Date:
May 4, 2023
State:
FL
Finished Sq Ft:
6,384
ZIP:
33143
Year Built:
2017
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Schools
Interior
Cooling
Central Building A/ C
Exterior
Financial
Buyer Agent Compensation
2.75%%
Taxes
$72,496
Map
Community
- Address5840 SW 71 St South Miami FL
- CitySouth Miami
- CountyMiami-Dade County
- Zip Code33143
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