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Overview
- Updated On:
- June 20, 2024
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.
Address: 5840 SW 71 St, Miami FL 33143
City: Miami
State/County: Miami-Dade County
Zip: 33143
Country: United States
Property Id: 1123755
Price: 9.000.000 $
Other Features
Has Cooling System
46,144.78 $
per month- Principal and Interest
- Property Tax
- HOA fee
34,894.78 $
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