5840 71st St South Miami, FL 33143
This 3,192 sq ft South Miami restaurant space offers a fully equipped kitchen, including state-of-the-art hood-vent systems and walk-in coolers. Located in a prime Opportunity Zone, this multi-tenant building boasts extended operating hours (until 4 AM) and benefits from significant nearby development, including the Avalon South Miami and the redeveloped Shops at Sunset Place, bringing increased foot traffic and a vibrant atmosphere. Priced at $70/SF NNN with $150,000 key money, this turnkey opportunity minimizes startup costs and allows for immediate operation. The property sits on 0.25 acres and was built in 2017, renovated in 2019, and is zoned to allow for extended operating hours. The property's location in Miami-Dade County, within the South Miami submarket, offers excellent access to a dense population and high consumer spending. The addition of 290 luxury apartments and 31,000 square feet of retail space at Avalon South Miami, along with the 1,500 residential units, 287-room hotel, office space, and expanded dining and retail options at the redeveloped Shops at Sunset Place, promises significant future growth in the area. This presents a unique opportunity for restaurateurs to establish themselves in a thriving and rapidly developing community. The property's address is 5840 SW 71st St, South Miami, FL 33143. The Miami-Dade County APN is 09-4025-030-0130.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6300:COMMERCIAL,RESTRICT · South Miami, FLSouth Miami. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.