See all 47 photos
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 $
Sat
16
Aug
Sun
17
Aug
Mon
18
Aug
Tue
19
Aug
Wed
20
Aug
Thu
21
Aug
Fri
22
Aug
Sat
23
Aug
Sun
24
Aug
Mon
25
Aug
Your information
Contact Me
Reviews
You need to login in order to post a review
Similar Listings
335 S Biscayne Blvd # 3312, Miami FL 33131,M...
5.700 $
You found your direct bay water view, a luxury apartment with a prime location. FIRST TIME ...
8027 NW 8th St # 13, Miami FL 33126,Miami,Mi...
2.300 $
Beautifully 2 beds/1.5 baths at Las Villas De Fontainebleau. Washer & dryer inside the ...
851 NE 1st Ave # 3911, Miami FL 33132,Miami,...
10.000 $
Best line at Paramount WorldCenter in Downtown, Miami! This stunning corner unit features ...
3140 Carter St # 3140, Miami FL 33133,Miami,...
1.750.000 $
Welcome to this newly built, luxurious townhome in the sought-after Coconut Grove. Priced ...