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1971 71st St 3,349 SF Retail Building Miami Beach, FL 33141 $2,500,000 ($746.49/SF)
Investment Highlights
- Turnkey 2nd Generation Restaurant & Bar
- New Grease Trap up to code and active
- Outdoor seating warrant approved and in-use
- Liquor License included in purchase - Allows for sale of liquor and live music until 5 am
- Active Certificate of Use in place - Save 12+ months and begir operating today
- 40-Year Recertification completed 2022
Executive Summary
Unique opportunity to acquire a turnkey second-generation restaurant and bar in the heart of Normandy Isles, Miami Beach. The 3,349 SF building sits on a 5,402 SF lot with 50 feet of frontage along the strategic 71st Street corridor, connecting Miami Beach to the mainland.
The property features an included liquor license allowing liquor sales and live music until 5 AM, an active Certificate of Use, new code-compliant grease trap, approved outdoor seating, and four on-site parking spaces plus ample street parking.
Located on a city-designated restaurant fast-track corridor, the property is ideally positioned to benefit from significant surrounding residential growth, with 1,300+ new residential units delivered, under construction, or approved in North Beach. Its location along 71st Street also provides direct exposure to the continued commercial boom and population growth of neighboring North Bay Village, creating an exceptional opportunity for an operator or investor seeking a high-visibility restaurant and entertainment venue in one of Miami Beach’s emerging growth corridors.
The property features an included liquor license allowing liquor sales and live music until 5 AM, an active Certificate of Use, new code-compliant grease trap, approved outdoor seating, and four on-site parking spaces plus ample street parking.
Located on a city-designated restaurant fast-track corridor, the property is ideally positioned to benefit from significant surrounding residential growth, with 1,300+ new residential units delivered, under construction, or approved in North Beach. Its location along 71st Street also provides direct exposure to the continued commercial boom and population growth of neighboring North Bay Village, creating an exceptional opportunity for an operator or investor seeking a high-visibility restaurant and entertainment venue in one of Miami Beach’s emerging growth corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,349 SF
Building Class
C
Year Built
1952
Price
$2,500,000
Price Per SF
$746.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.62
Lot Size
0.12 AC
Zoning
CD-1
Parking
4 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
50’ on 71st St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Soto Chaparro Julian Eduardo
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Soto Chaparro Julian Eduardo | Public Administration | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-3210-002-0800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $949,073 |
Property Taxes
Parcel Number
02-3210-002-0800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$949,073
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