5840 SW 71 St, South Miami, FL 33143 (MLS # A11382351)

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PRICE $9,900,000 dsIDX morgage calculator
SIZE 6,384 sqft
LOT SIZE 10,700.00 ac

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.

DAYS ON MARKET 351 LAST UPDATED 9/12/2023
YEAR BUILT 2017 COMMUNITY 40
COUNTY Miami-Dade STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Sep 12, '23 $11,000,000
Sep 12, '23 - Today $9,900,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 40
BUYER'S BROKERAGE COMPENSATION 2.75%
LOT 10700 acre(s)
STYLE Detached
TAXES 72496
WATER Public
ZONING 6300
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with RE/MAX 360 Real Estate
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