5850 Sunset Drive South Miami, FL

Property

Overview

Freestanding historic building located on the South West corner of Sunset Drive and 58th Court, in the heart of downtown South Miami.  The property features 4,700 SF of ground floor retail plus 8 studios on the second floor (2,216 SF) brings the total building to 6,916 SF.  Property includes a parking lot with 8 dedicated parking spaces, a rare offering in South Miami.  Over 42,500 cars pass this property daily.  Estimated over 111,000 people live within a 3 mile radius.

Property benefits from streetscape along Sunset Drive with wide sidewalks that provide sufficient patio space for restaurants.  4,700 SF 1st floor retail can be split in two space, 2,800 SF and 1,900 SF - perfectly suited for restaurant seeking 2nd generation restaurant space.

South Miami is experiencing a renaissance of redevelopment.  The Shops at Sunset Place recently approved hotel and residential development.  Proposed mixed-use residential tower 1 block south of subject property at current Winn-Dixie site.


Key Facts

  • 6,916 SF Freestanding Building (mixed-use)
  • 4,700 SF ground-floor retail
  • 2,216 SF 2nd floor contains 8 studios
  • +42,500 VPD on Sunset Drive
  • Frontage on Sunset Drive
  • Short walk (~3 mins) from South Miami Metrorail Station
  • Freestanding building in heart of Downtown South Miami
  • Surrounded by dozens of retailers and high quality restaurants/lounges

Address

5850 Sunset Drive
South Miami, FL 33143

Video

Location

Availabilities

  • 4,700 sqft

    Unit 5850

    2,800 sqft

    Unit 5850-A

    1,900 sqft

    Unit 5850-B

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Demographics

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Demos

Overview

1 Mile 3 Mile 5 Mile
Population 17,066 111,569 340,123
Households 6,570 42,364 123,562
Avg Household Income $101,206 $115,079 $95,285
Median Home Value $690,368 $618,982 $396,031

Team

Brokerage team

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Marcos Puente

Director of Acquisitions
MMG Equity Partners
305-851-1947 mpuente@mmgequitypartners.com

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