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    940 71St St Miami, FL 33141

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    For Sale
    Contact for pricing

    Second generation restaurant space with adaptable zoning and prime location.

    Lot size:
    0.12 Acres

    Property Features for 940 71St St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1938

    Source: Realty Hub Agent Alan Waserstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Adaptable Restaurant/Retail Space For Sale

    This property presents an opportunity to lease a second-generation restaurant space. The zoning is adaptable, accommodating restaurant, office, retail, and other uses. Situated in the central area of Normandy Isle and 71st Street, the location offers potential for diverse opportunities. Positioned on one of the main roads leading to and from Miami Beach, the property benefits from proximity to national retailers such as Family Dollar, Sherwin Williams, and Advance Auto, as well as numerous local restaurants. The property could be divided into three separate spaces, each with access to a shared kitchen and common areas. The rate per square foot ranges from $35 to $60 NNN.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dining Details Personal Chef Service, GW Auto Detailing MOBILE Service ONLY - BY APPOINTMENT, Don Pan International Bakery (Miami Beach)

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.177414
    Latitude
    25.840254

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    FAQs

    What type of property is this?
    Restaurant - Second generation restaurant space with adaptable zoning and prime location.
    Where is this restaurant located?
    The property is located at 940 71St St Miami, FL.
    What is the asking price?
    The asking price for this property is $35.
    What are key features of this property?
    This property features: - Prime location on a main road in the central area of Normandy Isle and 71st, offering high visibility and accessibility to Miami Beach.; - Adaptable zoning allows for restaurant, office, retail, and other uses.; - Proximity to national retailers such as Family Dollar, Sherwin Williams, and Advance Auto.
    (305) 439-4363
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    940 71St St Miami, FL 33141
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    Miami, FL 33141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940 71St St Miami, FL 33141
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