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5840 SW 71 St South Miami, FL $ 9,900,000
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$ 9,900,000 Get more info
5840 SW 71 St
$ 9,900,000
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Share Save

5840 SW 71 St

South Miami, FL, 33143
$ 9,900,000
Baths0.0 Sq 6,384

Monthly Estimate*

$ 69,154

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Studio

Commercial Property for sale in South Miami, FL

for $9,900,000. This 6,384 square foot building was built in 2017 on a lot size of 0.245638.

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.

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Commercial Active

Price

$ 9,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 72,496

Style

Detached

Lot Size

0.245638

Year Built

2017

Town/City

South Miami

County/Region

Miami-Dade

MLS | Web ID

A11382351
Features
General
Cooling CentralAir
Possession ClosingFunding CloseOfEscrow
Architectural Style Detached
Year Built 2017
Property SubType Retail
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City South Miami
Buyer Agent Compensation 2.75%
View Y/N N
Senior Community Y/N N
Zoning Description 6300
MLS Area 40
Lot Size Square Feet 10700.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 71 St
Listing Terms Cash Conventional
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 72496.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.photostetic.com/5840sw71ststsouthmiamifl33143?b=0
Days on Market 361
Standard Status Active
Occupancy Description Tenant
Legal Description COOPERS SUB PB 4-152 E5FT OF S40FT & E3FT OF N31.55FT OF S71.55FT OF LOT 21 & LOT 22 LESS W2FT OF N68.45FT & ALL LOTS 23 & 24 LOT SIZE IRREG
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Exterior
Water Source Public
Lot Size Area 10700.0
Spa N
Building Area Total 6384.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 5840
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* Excluded Features
List By
Re/Max 360 Real Estate

Broker

cynthia@360miamirealestate.com

Email

Affordability Calculator

$75,196
Per Month
92%
8%
0%
Monthly Principal & Interest
$69,154
Monthly Property Taxes
$6,041
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/12/2023$9,900,000 -10.00% Price Down
5/4/2023$11,000,000 Listed Price

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5840 SW 71 St, South Miami, FL, 33143 is a Commercial Property for sale at $9,900,000 with 6,384 sqft and a lot size of 0.245638. 5840 SW 71 St is a studio with 0.0 baths and was built in 2017. The property's zip code is 33143 which is in South Miami, FL

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