5840 SW 71 St South Miami, FL 33143
FOR SALE - Active
$9,900,000
$11,000,000
(10.0%)
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 6,384 ft2/593.09 m2
- Price Per: $1,550.75 ft2/$16,692.16 m2
- Type: Commercial/Investment
- Built: 2017
- HOA: No info
- MLS Number: A11382351
- View No info
- On Site: 371 days
- Updated: Listing Refreshed: 156 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 10/02/2023 | Price Reduced | $9,900,000.00 | 10.0% | $1,550.75 ft2/$16,692.16 m2 |
| 05/04/2023 | Listed | $11,000,000.00 | $1,723.06 ft2/$18,546.85 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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