Active

5840 SW 71 St

South Miami FL, 33143

$9,900,000


$1,550.75 per sqft

Active

6,384 sqft

Commercial

Built in 2017

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.

A11382351

MLS ID

May 4, 2023

Listed

February 15, 2024

Updated

Map

5840 SW 71 St
South Miami FL, 33143

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Building A/C


Heating

No

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

Central Business District, City Location

Other Property Details

Taxes

$72,496


Tax Frequency

Annually


Days on Market

221


Garage

No


View

No


County

Miami-Dade County


Water Source

Public


Pool

No


Zoning

6300


Buyer Agency Compensation

2.75%

Listing History

Date

Event

Price

9/12/2023

Price Change

$9,900,000

-10%

Courtesy of RE/MAX 360 Real Estate with Cynthia Lamaa, Billy Planes
Listing Contact: 305-778-8944 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 8:45 PM UTC, 2/15/2024.

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