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    1177 71 St Miami Beach, FL 33141

    For Lease
    $34 SF/Yr

    1,000 SF Retail Space Available

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 15,000 square foot, two-story retail building at 1177 71st Street in Miami Beach, Florida (zip code 33141) presents a unique investment opportunity. Built in 1940, the Class C property sits on a 12,300 square foot lot and is zoned 6400 COMMERCIAL - CENTRAL CD-2. Currently offering multiple suites, with one 1,000 square foot space immediately available, the building can be subdivided to a minimum of 1,000 square feet per unit. The property features three total suites. Street parking is available. There are no elevators. The building is ideally situated on a major thoroughfare in the heart of Normandy Isle, providing excellent visibility and accessibility. The area boasts a strong retail presence, including national chains like Family Dollar, Sherwin Williams, and Advance Auto Parts, along with numerous local restaurants. The property benefits from on-site management and maintenance provided by local owners. This location offers prime potential for diverse development opportunities, given its high traffic location and proximity to other major Miami Beach destinations. The building is suitable for retail, office, or creative uses.

    Property Features for 1177 71 St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    C
    Total Rate
    43500

    Building Details

    Year Built
    1940
    Stories
    2

    Unit(s) available at that property

    Space
    1177 71st
    Size
    1,000 SF
    Rate per SF
    $34

    HighLights

    • 15,000 SF two‑story retail building on a 12,300 SF lot in Miami Beach, FL (33141).
    • Class C building, built in 1940, zoned 6400 COMMERCIAL - CENTRAL CD‑2.
    • Three suites available, one 1,000 SF space immediately available; minimum 1,000 SF per unit.
    • Excellent visibility on a major thoroughfare in Normandy Isle, near national retailers and local restaurants.
    • Street parking; no elevator; on‑site management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Panamerican Pediatrics Inc Pediatrician Tucoordinador Travel Agency Chocolate & Cafe Coffee Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1291493
    Latitude
    25.8549089

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    FAQs

    What type of property is this?
    Retail property - 1,000 SF Retail Space Available
    Where is this retail property located?
    The property is located at 1177 71 St Miami Beach, FL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF two-story retail building on a 12,300 SF lot in Miami Beach, FL (33141).; Class C building, built in 1940, zoned 6400 COMMERCIAL - CENTRAL CD-2.; Three suites available, one 1,000 SF space immediately available; minimum 1,000 SF per unit.
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    Miami Beach, 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
    1177 71 St Miami Beach, FL 33141
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