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    Property profile & analytics
    OFF-MARKET Estimated value $1,155,000
    Retail residential properties

    1141 71st St, Miami Beach, FL 33141-3674

    2,230 SF 0.07 ac lot Built 1943
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US18-4857257
    Property summary
    AI-generated overview

    This immaculate, free-standing mixed-use building at 1141 71st Street in Miami Beach, Florida, presents a unique investment opportunity. Built in 1943, this two-story property boasts a prime location just steps from Town Center and the Normandy Isle Fountain, within a rapidly developing neighborhood. The building enjoys exceptional visibility and high traffic counts on a main artery into Miami Beach. Its proximity to multi-million dollar residential and commercial properties, the Normandy Isle Golf Course, La Gorce Country Club, the beach, and numerous amenities (including a farmers market, trolley stop, and various restaurants) ensures high foot traffic and strong rental potential. The 1,290,000 asking price reflects the property's exceptional condition and location. The building features impact windows and doors, private parking, and recently updated floors and bathrooms. Currently configured as professional offices on the ground floor and two residential units upstairs, the property offers flexibility for a variety of uses, catering to both retail and office tenants, or maintaining its current mixed-use configuration. This is an exceptional opportunity to acquire a well-maintained, high-traffic property in one of Miami Beach's most desirable and rapidly appreciating areas. The zip code is 33141.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1943
    Construction CONCRETE
    Total area 2,230 SF
    Lot 0.07 ac (2,935 SF)
    Zoning code 6400:COMMERCIAL,CENTRAL
    APN 02-3210-013-1390
    UPID US18-4857257
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.16M
    CAP Approach CAP
    $810k
    Comparable Approach Comparable
    $1.51M
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    Ljfj LLC · 1 yrs held
    Ljfj LLC
    since 2024
    Last sale
    $1.2M
    4 recorded transactions
    2024
    $1.2M
    2022
    2022
    2020
    $637,500
    Zoning & alternative use
    6400:COMMERCIAL,CENTRAL · Miami Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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