5840 SW 71st St - Restaurant FOR SALE


South Miami, FL 33143
$7,999,999 USD
305-772-8513
5840 SW 71st St, South Miami, FL for Sale
$7,999,999 USD
Restaurant - FOR SALE
1/46
null | Request Cap Rate

5840 SW 71st St
South Miami, FL 33143


HIGHLIGHTS

  • Prime South Miami Location
  • 6,384 SF Bldg., 10.700 SF Lot
  • Two Equipped Restaurant Spaces
  • End-User Opportunity
  • Zoning: Specialty Retail - Hometown District Overlay
  • Near Avalon Bay South Miami project and Transformative Sunset Place

OVERVIEW

The building houses two fully equipped, second-generation restaurant spaces featuring complete kitchens, state-of-the-art hood-vent systems, and walk-in coolers. An inviting outdoor courtyard makes it ideal for open-air dining. Benefiting from multi-use zoning in an Opportunity Zone, it offers potential tax incentives and allows extended operations until 4 AM, with no on-site parking requirements. The property's value is enhanced by the nearby redevelopment of Sunset Place, which is rejuvenating the area by promoting pedestrian-friendly environments with new residential, office, and retail spaces. Additionally, the forthcoming Avalon South Miami by AvalonBay promises to bring 290 luxury apartments and 31,000 square feet of retail space by the end of 2025. This property is a prime investment for those looking to tap into the vibrant and growing South Miami market.

FOR SALE DETAILS

PRICE

$7,999,999 USD

PRICE/SF

$1,253 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Retail Building in City of South Miami

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

SR-HDOV

APN/PARCEL ID

09-4025-030-0130

ASK ABOUT THIS PROPERTY

Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

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Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.