5840 SW 71 St, Miami FL 33143,Miami,Miami-Dade County,Commercial Sale

9.000.000 $
5840 SW 71 St, Miami FL 33143, Miami

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:
State/County:
Zip: 33143
Country: United States

Property Id: 1123755
Price: 9.000.000 $

Other Features
Has Cooling System

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

yelp logo

46,144.78 $
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
34,894.78 $

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