Active
5840 SW 71 St
Miami FL, 33143
$7,100,000
$1,112.16 per sqft
Active
6,384 sqft
Commercial
Built in 2017
Positioned in the heart of South Miami, just off US-1 and near the University of Miami. This multi-tenant property features two fully equipped, second-generation restaurant spaces, each outfitted with complete kitchens, modern hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances the appeal of open-air dining. Located within an Opportunity Zone, the property offers potential tax incentives, no on-site parking requirements, and extended operating hours until 4 AM, further increasing its versatility and attractiveness. Buyer to assume existing Ygrene loan.
The property is zoned within the City of South Miami's Specialty Retail - Hometown District Overlay, allowing for flexible use and future development opportunities.
A11382351
MLSⓇ ID
May 4, 2023
Listed
March 11, 2025
Updated
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Building A/C
Heating
No
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
Central Business District, City Location
Other Property Details
Taxes
$72,496
Tax Frequency
Annually
Days on Market
671
Garage
No
View
No
County
Miami-Dade County
Water Source
Public
Zoning
6300
Listing History
Date | Event | Price |
|---|---|---|
3/5/2025 | Price change | $7,100,000 -12% |
3/5/2025 | Active | — |
12/16/2024 | Under contract | — |
11/7/2024 | Price change | $7,999,999 -12% |
5/23/2024 | Price change | $9,000,000 -10% |
9/12/2023 | Price change | $9,900,000 -10% |
Listed by: RE/MAX 360 Real Estate
Listing Contact: 305-778-8944
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Data last updated 11:07 PM UTC, 3/11/2025.