Commercial Sale · Retail
240 71st Street, Miami Beach FL 33141, MIAMI BEACH, FL, 33141
Active480 days on marketListed Apr 23, 2025MLS #F10499852
About this property
The property at a glance
Prime Retail Opportunity – 71st St & Collins Ave! Located in booming North Beach, this high-visibility site is surrounded by major new developments: Palma Residences: 14-story luxury condo with spa, rooftop pool & retail (2026) 72nd & Park: Planned 21-story mixed-use tower with 270 units & 17,000+ SF retail. 880 71st St: Boutique residential with rooftop pool, kayak docks & retail frontage. Deauville Redevelopment: Proposed 380-ft condo hotel (pending approval), North Beach Town Center: 800+ units, new Target, retail, and public garage. 912 71st St: 3,875 SF former nightclub – now for lease/sale. Why North Beach? Median income: $99,625 Unemployment: 1.8% Population: 35,238 Renters: 68.2% Median home value: $409K (+1.5% YoY) Contact us to explore this unique leasing opportunity!
4,500
Building sq ft
$2
Price / sq ft
0.2898
Lot acres
1980
Year built
6600
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$7,038/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 David 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
13,497
Population
$32,213
Median income
46
Median age
2
Avg household
$316,046
Median home value
$1,748/mo
Median rent
1,027
Households w/ kids
Consumer profile
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.
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.
Seeking peace and well-being through meditation, gratitude and spirituality.
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.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Recent sales
What actually sold near 240 71st Street
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$18,000
9445 Harding Ave, Surfside FL 33154
Sold Oct 15, 2024
$9,000
11001 Biscayne Blvd, Miami FL 33161
Sold Jan 2, 2025
$3,400
1205 71st St # 1205, Miami Beach FL 33141
Sold Sep 1, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 240 71st Street — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 240 71st Street.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
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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