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Retail Building in City of South Miami 5840 SW 71st St
6,384 SF Retail Building South Miami, FL 33143 $7,999,999 ($1,253/SF)
Investment Highlights
- Prime South Miami Location
- Two Equipped Restaurant Spaces
- Zoning: Specialty Retail - Hometown District Overlay
- 6,384 SF Bldg., 10.700 SF Lot
- End-User Opportunity
- Near Avalon Bay South Miami project and Transformative Sunset Place
Executive Summary
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.
Property Facts
Amenities
- Bus Line
- Courtyard
- Freeway Visibility
- Restaurant
- Air Conditioning
About 5840 SW 71st St , South Miami, FL 33143
Positioned in the heart of South Miami, just off US-1 and near University of Miami, this standalone multi-tenant building offers exceptional investment potential. Spanning 6,384 SF on a 10,700 SF lot, the property is zoned within the City of South Miami’s Specialty Retail - Hometown District Overlay, allowing for flexible use and future development opportunities. The property features two fully equipped, second-generation restaurant spaces, each outfitted with complete kitchens, modern hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances the appeal of open-air dining. Located within an Opportunity Zone, the property offers potential tax incentives, no on-site parking requirements, and extended operating hours until 4 AM, further increasing its versatility and attractiveness. The area is experiencing a revitalization surge driven by the redevelopment of Sunset Place into a pedestrian-friendly destination featuring new residential, office, and retail spaces. Additionally, AvalonBay's upcoming Avalon South Miami project, slated for completion by the end of 2025, will bring 290 luxury apartments and 31,000 SF of retail space to the neighborhood. This property represents a unique chance to invest in South Miami’s vibrant and evolving commercial landscape. It is perfectly positioned to capitalize on the area’s growth and demand. Listing Agent: Cynthia Lamaa
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,192 SF +/-, second-generation restaurant space fully equipped with existing kitchen infrastructure, including state-of-the-art hood-vent systems and walk-in coolers. Priced at $70.00/SF NNN with $150,000 key-money, the space offers a turnkey solution for restaurateurs looking to reduce startup costs and quickly begin operations. Zoning allows for extended operating hours (4 AM), making this location ideal for businesses serving day and late-night customers.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,192 SF | Restaurant | End Cap | 30 Days |
1st Floor
| Size |
| 3,192 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| 30 Days |
1st Floor
| Size | 3,192 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | 30 Days |
3,192 SF +/-, second-generation restaurant space fully equipped with existing kitchen infrastructure, including state-of-the-art hood-vent systems and walk-in coolers. Priced at $70.00/SF NNN with $150,000 key-money, the space offers a turnkey solution for restaurateurs looking to reduce startup costs and quickly begin operations. Zoning allows for extended operating hours (4 AM), making this location ideal for businesses serving day and late-night customers.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-4025-030-0130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,548,827 |
PROPERTY TAXES
-
Billy Planes -
Cynthia Lamaa -
RE/MAX 360 Real Estate
Presented by
Retail Building in City of South Miami | 5840 SW 71st St
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