940 71st St Miami Beach, FL 33141-2916
Property profile & analytics
940 71st St Miami Beach, FL 33141-2916
- Outlet malls
- 5,338 SF
- 0.12 lot acres
Property ID
US18-4069879
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 940 71st St
- Year built
- 1938
- Construction
- CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 5,338 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 02-3210-013-0460
- APU
- 232100130460
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,905,000
- 6.5%
- $2,680,000
- 7%
- $2,490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,491,000
- AI Estimate
- $1,727,000
Market price range: $2.51M - $3.86MMarket price range: $345k - $3.76M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,015,000 Current use
- RESTAURANT
- $3,960,000 Change: +31% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,945,000 Change: +31% Conversion: Easy
- OFFICE BUILDING
- $3,640,000 Change: +21% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,490,000 Change: +16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1285
- Latitude
- 25.8552
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,297
$830,880
$1,269,120
$2,100,000
-
$830,880
$1,269,120
$2,100,000
