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 $
Mon
05
Jan
Tue
06
Jan
Wed
07
Jan
Thu
08
Jan
Fri
09
Jan
Sat
10
Jan
Sun
11
Jan
Mon
12
Jan
Tue
13
Jan
Wed
14
Jan
Your information
Contact Me
Reviews
You need to login in order to post a review
Similar Listings
1301 NE Miami Gardens Dr # 1206W, Miami FL 3...
2.400 $
Absolutely breath-taking, this apartment-home is the one you have been waiting for. Must s ...
800 N Miami Ave # 1410, Miami FL 33136,Miami...
2.800 $
The Madison is a high-rise condominium located in the heart of Miami Downtown. Community f ...
6656 SW 116th Ct # 508, Miami FL 33173,Miami...
2.700 $
Iconic lake view 3 bedroom in the heart of sunset. This is a very spacious and well kept u ...
1600 SW 1st Ave # 612, Miami FL 33129,Miami,...
4.200 $
FULLY RENOVATED + 2 ASSIGNED PARKING SPOTS + 1 ASSIGNED STORAGE UNIT. This condo has beaut ...