5885 73Rd StSouth Miami, FL 33143

Property Details for 5885 73Rd St

Year built

1977

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

10,806 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Retail properties

Property subtype

Outlet malls

APN

09-4036-022-0160

APU

940360220160

Description

This exceptional South Miami retail opportunity presents a 2,000 square foot vacant space within a larger 9,871 square foot multi-tenant building located at 5885 SW 73rd St, Miami-Dade County, Florida, 33143. The property is zoned 6300 and features a convenient strip center design. The building boasts a total of 28 parking spaces, ensuring ample customer convenience. This end-cap location offers high visibility on a busy thoroughfare, benefiting from significant foot and vehicle traffic. The space is immediately available and represents a turnkey solution for a restaurant operator, requiring no key money. The property's history as a well-established, second-generation restaurant provides a strong foundation for a new business, potentially benefiting from an existing loyal customer base. The minimum divisible space is 2,000 square feet, ideal for a variety of restaurant concepts. This property is situated in the South Miami submarket and has a Miami-Dade County APN of 09-40-36-022-0160. The address is easily accessible via 73rd Street. This is a rare chance to establish a business in a thriving neighborhood with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $11,082,224

  6.5%

  $10,229,745

  7%

  $9,499,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,626,796

  Geo Method

  $8,626,796

• Alternative Use

  Use

  Valuation

  Residential

  $8,629,172

  Hospitality

  $7,904,276

  Educational

  $6,576,264

  Medical

  $6,802,432

  Retail

  $10,229,745

Location Insight

City

South Miami

County

Miami-dade

State

Florida

Latitude

25.7037

Longitude

-80.289

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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