1141 71St StMiami Beach, FL 33141

Property Details for 1141 71St St

Year built

1943

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,230 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail residential properties

APN

02-3210-013-1390

APU

232100131390

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,794,014

  6.5%

  $1,656,013

  7%

  $1,537,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,323,356

  Geo Method

  $1,323,356

• Alternative Use

  Use

  Valuation

  Residential

  $1,656,013

  Hospitality

  $1,516,899

  Educational

  $1,262,042

  Medical

  $1,305,446

  Retail

  $1,963,177

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.855

Longitude

-80.1305

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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