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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,445,636
6.5%
$5,949,818
7%
$5,524,830
Comparable approach
Method
Valuation
Relative Method
$5,017,513
Geo Method
$5,017,513
Alternative Use
Use
Valuation
Residential
$5,018,894
Hospitality
$4,597,280
Educational
$3,824,883
Medical
$3,956,426
Retail
$5,949,818
Location Insight
City
South Miami
County
Miami-dade
State
Florida
Latitude
25.7049
Longitude
-80.2882
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Learn more
Useful Information
Request information
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.