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    940 71 St Miami Beach, FL 33141

    Sponsored
    For Lease
    $30 SF/Yr ($10,500 /Mo)

    4,200 SF Restaurant, Retail, or Office

    Lot size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,200 square foot restaurant space, located at 940 71st Street in Miami Beach's North Beach submarket, presents a unique opportunity. Situated on a 6,000 square foot lot, this corner property boasts significant street visibility and exposure on busy 71st Street. Currently vacant, the space is adaptable to various uses, including restaurant, retail, or office, and can be subdivided to a minimum of 2,000 square feet. The zoning is CD-1. The property features a large interior dining area with the potential for outdoor seating. Its "raw" condition allows for complete customization to suit a tenant's specific needs. Municipal parking is available. The property's APN is 02-3210-013-0460. This is a second-generation restaurant space offering a blank canvas for a new concept. The location offers excellent visibility and exposure, making it an ideal spot for a business seeking high foot traffic and brand recognition in a vibrant Miami Beach neighborhood. The property is located in the North Beach submarket of Miami Beach, Florida, zip code 33141. Owners are motivated to create a lease that meets tenant requirements.

    Property Features for 940 71 St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,200 SF
    Total Rate
    10500

    Unit(s) available at that property

    Space
    Retail 2
    Size
    850 SF
    Rate per SF
    $36
    Space
    Retail 1
    Size
    1,093 SF
    Rate per SF
    $35
    Space
    Entire property
    Size
    4,200 SF
    Rate per SF
    $30
    Space
    Retail 3
    Size
    1,800 SF
    Rate per SF
    $32

    HighLights

    • High‑visibility corner restaurant space on busy 71st Street in Miami Beach.
    • Spacious interior dining area with outdoor patio seating.
    • Fully equipped kitchen including grease traps.
    • Abundant natural light and prominent signage rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -80.128786830121
    Latitude
    25.855361798852

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    FAQs

    What type of property is this?
    Restaurant - 4,200 SF Restaurant, Retail, or Office
    Where is this restaurant located?
    The property is located at 940 71 St Miami Beach, FL.
    What is the lease rate?
    The lease rate is $30-$36 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner restaurant space on busy 71st Street in Miami Beach.; Spacious interior dining area with outdoor patio seating.; Fully equipped kitchen including grease traps.
    Request Owner's contact information
    940 71 St Miami Beach, FL 33141
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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
    940 71 St Miami Beach, FL 33141
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