1975 71st St, Miami Beach, FL, 33141 | $45

Available for lease, this 975-square-foot retail space at 1977 71st Street is located in the heart of the Normandy Isle commercial district. Featuring an open floor plan and direct street frontage, the property is ideally positioned for an art gallery, creative studio, or boutique business. The site sits at a strategic access point just east of the bridge to North Bay Village, home to established towers like Grandview Palace and hotels like the Palm Tree Club, while currently undergoing a transformation with luxury projects such as Shoma Bay, Continuum Club, and Pagani Residences. Additionally, the surrounding North Beach area is seeing increased density from new developments like Ella, Palma, and 72 Park joining anchors such as The Carillon. Please note: The showroom interior visible in the listing photos represents the modeled unit next door to demonstrate the space's potential. The available unit is ready for your vision, and the owner is willing to collaborate on improvements to customize the space for your business.

Features

  • Property Type: Retail
  • Zoning: 6100
  • Year Built: 1952
  • Est. Taxes: $15,496
  • MLS#: A11936340
  • Days on Market: 145 days
  • Website: https://www.raveis.com
    /prop/A11936340/197571stst_miamibeach_fl?source=qrflyer
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Listing courtesy of Fausto Commercial Realty Consultants Inc   Phone: 786-748-7373

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1975 71st St, Miami Beach, FL, 33141

$45

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $36 $36 $36
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.474% 6.640% 5.972%
Monthly Tax Payment $1,291 $1,291 $1,291
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $0 $0 $0
Total Monthly Payment $1,366 $1,366 $1,366

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.