Commercial Sale · Restaurant/Entertainment
940 71st St, Miami Beach FL 33141, MIAMI BEACH, FL, 33141
Active708 days on marketListed Sep 4, 2024MLS #A11653100
About this property
The property at a glance
The best most visible corner on 71st !! This was a 2nd generation restaurant, now the space is gutted and ready for a new restaurant. Adaptable zoning, from restaurant, office, retail & more. Situated in the central area of Normandy Isle and 71st, offers prime potential for diverse opportunities. This is one of the main roads that lead to and from Miami Beach. With a lot of national retailers nearby such Family Dollar, Sherwin William, Advance Auto and many local restaurants this location offers perfect opportunity for your business. As well it could be rented in 3 separate spaces, each offering access to a shared kitchen & common areas. Rate per sqft ranges from thirty five ($35)- sixty ($60) per sqft NNN
5,313
Building sq ft
$0
Price / sq ft
5,193
Lot sq ft
1938
Year built
6400
Zoning
Restaurant/Entertainment
Property type
The numbers
Investment snapshot
NNN
Lease structure
Annual Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$2,602/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Krystina to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
9,198
Population
$99,060
Median income
48
Median age
2
Avg household
$477,014
Median home value
$1,724/mo
Median rent
850
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Recent sales
What actually sold near 940 71st St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,855,000
841 W 40th St, Miami Beach FL 33140
Sold Nov 21, 2025
$875,000
6856 Abbott Ave, Miami Beach FL 33141
Sold Sep 19, 2025
$2,200
13499 Biscayne Blvd, North Miami FL 33181
Sold Jul 15, 2025
Your team
The pros in your corner
Your agent
Krystina Allen
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 940 71st St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 940 71st St.
See it in person
Schedule a tour
Live availability from Krystina's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Realty Hub · Alan Waserstein. MLS #A11653100.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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