1971 71st St - Storefront FOR SALE


Miami Beach, FL 33141- Normandy Isles
$2,500,000 USD
305-897-0939
1971 71st St, Miami Beach, FL for Sale
$2,500,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

1971 71st St
Miami Beach, FL 33141
Normandy Isles


HIGHLIGHTS

  • Turnkey 2nd Generation Restaurant & Bar
  • Liquor License included in purchase - Allows for sale of liquor and live music until 5 am
  • New Grease Trap up to code and active
  • Active Certificate of Use in place - Save 12+ months and begir operating today
  • Outdoor seating warrant approved and in-use
  • 40-Year Recertification completed 2022

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,030 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

CD-1

APN/PARCEL ID

02-3210-002-0800

ASK ABOUT THIS PROPERTY

Andrew RosenbergUpside PartnersMore Info
305-897-0939

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Andrew RosenbergUpside PartnersMore Info
305-897-0939

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.