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Restaurants and Bars
$9,000,000
$11,000,000
18%
5840 SW 71 St Miami, FL

A11382351

49 of 53 for Sale
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an agent
  • Listed On:

    May 4, 2023
  • Days on Market:

    428
  • Year:

  • Taxes:

    $72,496 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

5840 SW 71 St Miami, FL 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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