Price Reduced 18.18%

$9,000,000

Est. Mortgage $47,902/mo *

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Price History

$11,000,000
5/4/2023

$9,900,000
9/13/2023

$9,000,000
5/23/2024

5840 SW 71 St, Miami, FL, 33143

5840 SW 71 St, Miami, FL, 33143
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2017

Detached

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.

Status:

Active

Type:

Commercial

Zoning:

6300

Cooling:

Central Air

Est. Taxes:

$72,496

Days on Market:

386

MLS #:

A11382351

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of RE/MAX 360 Real Estate Phone: 305-602-0360