702 71St StMiami Beach, FL 33141

Property Details for 702 71St St

Year built

1940

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

6,928 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

02-3211-002-1370

APU

232110021370

Description

This exceptional 784-square-foot retail space is ideally situated at 702 71st Street in Miami Beach, Florida, zip code 33141. The property boasts a single-tenant occupancy and is zoned 6600. Its prime location on a busy corner of 71st Street and Indian Creek Drive ensures high visibility and significant pedestrian and vehicular traffic. Large floor-to-ceiling storefront windows maximize natural light and provide excellent brand exposure. The property's proximity to the beach (just three blocks away) further enhances its appeal to a wide range of potential businesses. This location is perfect for a variety of uses, including a studio, retail shop, medical office, or boutique. The property's APN is 02-32-11-002-1370. This is a rare opportunity to establish a strong presence in the heart of Miami Beach's vibrant commercial district. Don't miss out on this chance to secure a highly visible and desirable retail space in a thriving area. The property offers significant potential for growth and success. This is a single-tenant space with no additional suites within the building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,607,307

  6.5%

  $6,099,052

  7%

  $5,663,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,684,184

  Geo Method

  $6,684,184

• Alternative Use

  Use

  Valuation

  Residential

  $5,144,779

  Hospitality

  $4,712,590

  Educational

  $3,920,820

  Medical

  $4,055,662

  Retail

  $6,099,052

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.8557

Longitude

-80.1251

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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