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Office Vacant-User

1951-1959 71st Street

1951 71st St, Miami Beach, FL 33141

Listing Price: $1,900,000

Cap Rate
6.03%
Rentable SF
4,936
Lot Size
0.19 acres
Year Built
1945

Investment Overview

Marcus & Millichap is proud to present 1951-1959 71st Street, a one-story mixed-use office/retail building located on Miami Beach/Normandy Isle, Florida. This building was built in 1955 and is situated on a 1,175 square foot lot (0.19 acres), offering approximately 4,936 square feet of rentable area. 1951-1959 71st Street is currently vacant and zoned CD-1 (Commercial, Low-Intensity District). CD-1 commercial is a retail sales, personal services, shopping district designed to provide services to surrounding residential neighborhoods. The subject property is located directly on 71st Street Miami Beach/Normandy Isle, a major thoroughfare traveling east and west, with traffic counts of approximately 33,211 VPD (Vehicles Per Day). The property is approximately a mile and a half to the beach and 4 miles to Miami. 1951-1959 71st Miami Beach location and zoning creates an opportunity for end-users interested in relocating their business to the affluent Normandy Isle section of Miami Beach Normandy Isle is located in the Miami Beach submarket. The Miami beach submarket has among the lowest office vacancies of all the submarkets and has been that way for over fifteen years due to the limited office development. 1951-1959 71st offers an opportunity to the Miami Beach office demand.

Investment Highlights

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Exclusively Listed By

Office Vacant-User

1951-1959 71st Street

Listing Price: $1,900,000

Cap Rate
6.03%
Rentable SF
4,936
Lot Size
0.19 acres
Year Built
1945

Investment Highlights

  • N/A
  • N/A
  • N/A

Investment Overview

Marcus & Millichap is proud to present 1951-1959 71st Street, a one-story mixed-use office/retail building located on Miami Beach/Normandy Isle, Florida. This building was built in 1955 and is situated on a 1,175 square foot lot (0.19 acres), offering approximately 4,936 square feet of rentable area. 1951-1959 71st Street is currently vacant and zoned CD-1 (Commercial, Low-Intensity District). CD-1 commercial is a retail sales, personal services, shopping district designed to provide services to surrounding residential neighborhoods. The subject property is located directly on 71st Street Miami Beach/Normandy Isle, a major thoroughfare traveling east and west, with traffic counts of approximately 33,211 VPD (Vehicles Per Day). The property is approximately a mile and a half to the beach and 4 miles to Miami. 1951-1959 71st Miami Beach location and zoning creates an opportunity for end-users interested in relocating their business to the affluent Normandy Isle section of Miami Beach Normandy Isle is located in the Miami Beach submarket. The Miami beach submarket has among the lowest office vacancies of all the submarkets and has been that way for over fifteen years due to the limited office development. 1951-1959 71st offers an opportunity to the Miami Beach office demand.

Exclusively Listed By

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