5840 SW 71st St
South Miami, Florida, 33143, United States
- ft²
0.25 acres
- beds
- baths
Property Provided By
- Cynthia Lamaa
- RE/MAX 360 Real Estate
- +1 (305) 778-8944
$54,000 cashback!
Property Information
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.
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This content last updated on 2024-07-09 21:35:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Property Provided By
- Cynthia Lamaa
- RE/MAX 360 Real Estate
- +1 (305) 778-8944
$54,000 cashback!
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