5840 SW 71 St Miami, FL 33143
FOR SALE - Active
$7,999,999
$11,000,000
(27.3%)
Overview
- Status: ActiveUnderContract
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 6,384 ft2/593.09 m2
- Price Per: $1,253.13 ft2/$13,488.61 m2
- Type: Commercial/Investment
- Built: 2017
- HOA: No info
- MLS Number: A11382351
- View No info
- On Site: 624 days
- Updated: Listing Refreshed: 32 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 11/07/2024 | Price Reduced | $7,999,999.00 | 11.1% | $1,253.13 ft2/$13,488.61 m2 |
| 06/19/2024 | Price Reduced | $9,000,000.00 | 9.1% | $1,409.77 ft2/$15,174.69 m2 |
| 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
This property is courtesy of the RE/MAX 360 Real Estate. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.