Property Description
Discover a standout commercial investment in the heart of the City of South Miami; near US-1 and the University of Miami. This free-standing, multi-tenant property in the Specialty Retail – Hometown District offers versatility on a 10,700 SF lot with a 6,384 SF building. It boasts development potential (1.6 FAR, 4-story height limit), houses two ready-to-operate restaurants with full kitchens, and offers an outdoor dining courtyard. Located in an Opportunity Zone, allows operation until 4 AM and has relaxed parking regulations. Enhanced by nearby developments like Sunset Place and Avalon South Miami, it’s a strategic choice in a dynamic market.
Address Map
FL
Miami-Dade County
South Miami
33143
5840 SW 71 St
Multi-Tenant Restaurant
W81° 42' 42.5''
N25° 42' 17.8''
MLS Addon
Building & Land
All Cash, Conventional/refinance
1
Sale
Commercial, Restaurant, Free Standing, Retail
$72,496
Public
6300
0
05/12/2023 21:50:45
5840 SW 71 St, South Miami, Florida 33143
$9,900,000
10,700 size sq.ft.
Listing ID #A11382351
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11382351
Price $9,900,000
Year Built 2017
Days on Market 221
Building Area 6,384 Sqft
Status Active
Property SubType Retail
Lot Area 10,700 Sqft
List Date 2023-05-05
On Market Date 04/05/2023
MiamiInvestrealty
