South Miami Retail Building (2nd Gen Restaurant)
5840 SW 71 ST
South Miami, FL 33143
Highlights
- Prime South Miami Location
- 6,384 SF Bldg., 10.700 SF Lot
- Two Equipped Restaurant Spaces
- End-User Opportunity
- Zoning: Specialty Retail - Hometown District Overlay
- Near Avalon Bay South Miami project and Transformative Sunset Place
Description
Positioned in the heart of South Miami, just off US-1 and near University of Miami, this standalone multi-tenant building offers exceptional investment potential. Spanning 6,384 SF on a 10,700 SF lot, the property is zoned within the City of South Miami’s Specialty Retail - Hometown District Overlay, allowing for flexible use and future development opportunities.
The property features two fully equipped, second-generation restaurant spaces, each outfitted with complete kitchens, modern hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances the appeal of open-air dining. Located within an Opportunity Zone, the property offers potential tax incentives, no on-site parking requirements, and extended operating hours until 4 AM, further increasing its versatility and attractiveness.
The area is experiencing a revitalization surge driven by the redevelopment of Sunset Place into a pedestrian-friendly destination featuring new residential, office, and retail spaces. Additionally, AvalonBay's upcoming Avalon South Miami project, slated for completion by the end of 2025, will bring 290 luxury apartments and 31,000 SF of retail space to the neighborhood.
This property represents a unique chance to invest in South Miami’s vibrant and evolving commercial landscape. It is perfectly positioned to capitalize on the area’s growth and demand.
5840 SW 71 ST is located in downtown South Miami at the US-1 and 71 ST intersection. The property is situated in a bustling area with a high traffic count of 81,500 average daily traffic count (ADTC). Additionally, the location is within walking distance to the University of Miami, and many eateries and shops, making it a convenient and attractive destination for both residents and visitors. With its prime location and proximity to major transportation routes, this property offers an excellent opportunity for businesses looking to establish a presence in a dynamic and growing part of the city.
