5840 SW 71st St
South Miami, FL 33143
Retail Building in City of South Miami · Retail Property For Sale

Positioned in the heart of South Miami, just off US-1 and near the University of Miami. This multi-tenant property features two fully equipped, second-generation restaurant spaces, each outfitted with complete kitchens, modern hood-vent systems, and walk-in coolers. An inviting outdoor courtyard enhances the appeal of open-air dining. Located within an Opportunity Zone, the property offers potential tax incentives, no on-site parking requirements, and extended operating hours until 4 AM, further increasing its versatility and attractiveness. Buyer to assume existing Ygrene loan. The property is zoned within the City of South Miami’s Specialty Retail - Hometown District Overlay, allowing for flexible use and future development opportunities. The area is experiencing a revitalization surge driven by the redevelopment of Sunset Place into a pedestrian-friendly destination featuring new residential, office, and retail spaces. Additionally, AvalonBay's upcoming Avalon South Miami project, slated for completion by the end of 2025, will bring 290 luxury apartments and 31,000 SF of retail space to the neighborhood. This property represents a unique chance to invest in South Miami’s vibrant and evolving commercial landscape. It is perfectly positioned to capitalize on the area’s growth and demand. Listing Agent: Cynthia Lamaa