Map of Property

5840 SW 71 St

5840 SW 71 St, South Miami, FL 33143

  • For Sale $9,000,000
  • Property Type Retail - Restaurant
  • Property Size 6,384 SF
  • Lot Size 10,700 SF
  • Cap Rate % 6
  • NOI / YR 542640
  • Additional Rent Contact for pricing
  • Year Built 2017
  • Date Updated Jul 17, 2024

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.

 

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Contacts

broker

Marcelo L. Merlo Is this you?

Global Investment Properties

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City South Miami, FL
  • Neighborhood Coopers - Carvers
  • Zip Code 33143
  • Market Miami

Points of Interest

  • South Miami

    0.06 miles

  • Dadeland North

    1.39 miles

  • Dadeland South

    2.10 miles

  • 3

    6.40 miles

  • 2

    6.43 miles

  • 1

    6.51 miles

  • Miami Intermodal Center

    6.62 miles

  • Financial District

    7.07 miles

  • Eighth Street

    7.36 miles

  • Fifth Street

    7.45 miles

  • ChargePoint

    0.29 miles

  • Chevron

    0.32 miles

  • Shell

    0.94 miles

  • BP

    1.37 miles

  • Mobil

    2.04 miles

  • Chevron

    2.14 miles

  • Shell

    2.19 miles

  • Dockside

    2.40 miles

  • Shell

    2.61 miles

  • Marathon

    2.80 miles

  • Shake Shack Parking

    0.51 miles

  • University Village Scodella Garage

    0.54 miles

  • University Village Albenga Garage

    0.68 miles

  • Ponce de Leon Garage - University of Miami

    0.69 miles

  • Lot 431 (Yellow)

    0.85 miles

  • Lot 425-S (Yellow)

    0.85 miles

  • University Metrorail Park-and-Ride

    0.87 miles

  • Lot 425-N (Yellow)

    0.99 miles

  • Merrick Garage

    1.13 miles

  • Lot 307 (Pink)

    1.16 miles

  • Sushi Maki

    0.06 miles

  • Einstein Bros. Bagels

    0.15 miles

  • Popeyes

    0.25 miles

  • Swensen's

    0.29 miles

  • Fiola Miami

    0.35 miles

  • McDonald's

    0.38 miles

  • Five Guys

    0.39 miles

  • Shake Shack

    0.53 miles

  • Chipotle

    0.57 miles

  • Hecht-Stanford Dining Hall

    0.92 miles

  • Sunset Place

    0.13 miles

  • Winn-Dixie

    0.16 miles

  • Whole Foods Market

    0.22 miles

  • Publix

    0.44 miles

  • Wild Fork Foods

    1.06 miles

  • Target

    1.34 miles

  • Ross

    1.56 miles

  • JCPenney

    1.66 miles

  • Macy's

    1.74 miles

  • Dadeland Mall

    1.84 miles

Frequently Asked Questions

How much does 5840 SW 71 St cost?

The space currently listed for sale at 5840 SW 71 St asks for $9,000,000.

What is the total square footage of 5840 SW 71 St?

5840 SW 71 St totals 6,384 square feet.

When was this property built?

5840 SW 71 St was built in 2017.

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Contact Listing Broker

broker

Marcelo L. Merlo Is this you?

Global Investment Properties