Map of Property

5840 SW 71 St

For Sale

5840 SW 71 St, South Miami, FL 33143

This South Miami property for sale is located at 5840 SW 71 St. The current listed sale price for 5840 SW 71 St is $9,000,000. 5840 SW 71 St is situated on a lot that is 10,700 square feet in size.

Contacts

broker

Marcelo L. Merlo

Global Investment Properties

Property Details

  • 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.

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 99/100

    Walk Score ®

  • 79/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Marcelo L. Merlo

Global Investment Properties