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    1016 71 St Miami Beach, FL 33141

    Sponsored
    For Lease
    $29 SF/Yr

    1,204 SF Retail Store, Excellent Location

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,204 square foot retail space, located at 1016 71st Street, presents a fantastic opportunity for a variety of businesses. Situated in a Class B building constructed in 1940, this single-tenant storefront boasts a generous open floor plan with tile flooring and abundant natural light. Its prime location ensures excellent visibility and high foot traffic. The space includes a convenient private bathroom and backdoor access for easy deliveries, along with designated storage areas. Ample nearby parking enhances accessibility for customers and employees. The property sits on a 0.28-acre lot within a 15,000 square foot building, encompassing two stories. The zoning is 6400 COMMERCIAL - CENTRAL CD-2. While previously used as a cafeteria, a new grease trap would be required for restaurant use. Some equipment is included as part of the lease terms, making this an ideal space for retail, office, or restaurant operations. Lease terms are negotiable.

    Property Features for 1016 71 St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    B
    Total Rate
    37375

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    1,204 SF
    Rate per SF
    $29

    HighLights

    • 15,000 SF retail building on 0.28 acres.
    • 1,204 SF vacant storefront available for lease.
    • Prime location with high visibility and strong foot traffic.
    • Features include open floor plan, tile flooring, abundant natural light, private bathroom, backdoor access, and designated storage.
    • Central location with nearby parking; Zoned 6400 COMMERCIAL - CENTRAL CD‑2.
    • Built in 1940, Class B, two‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Shipping And Mailing Service NIGHT VISION LIGHTING ... Aircraft Manufacturer

    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
    -80.1291006
    Latitude
    25.8549518

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    FAQs

    What type of property is this?
    Retail property - 1,204 SF Retail Store, Excellent Location
    Where is this retail property located?
    The property is located at 1016 71 St Miami Beach, FL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF retail building on 0.28 acres.; 1,204 SF vacant storefront available for lease.; Prime location with high visibility and strong foot traffic.
    Request Owner's contact information
    1016 71 St 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
    1016 71 St Miami Beach, FL 33141
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