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. 


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.


South Miami began as an outpost accessed by unpaid trails. Developed in 1899, the Town of Larkins later grew into the City of South Miami by 1927, thanks to Flagler's East Coast Railway. The railway tracks once ran around the same path as today's Metrorail.

The D.J. Red family arrived in Larkins in 1914. D.J. Red served as City Commissioner and City Clerk. Originally called the D.J. Red Building, 5850 Sunset Drive was designed to accomodate living quarters on the second floor and retail shops on the first. In the 1940's, son Jesse Red added another building section, which served as an automotive shop, extending the building along SW 58th Court. The Red building housed popular restaurants including the Waffle Shop in the 1960's, JJ's American Diner in the 1980's, and Irish Times in the early 2000's.


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

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Site Plan

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Demographics

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Retailer Map

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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

Leasing/Property Management

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Irma Figueroa

Broker
Comras Company
954.471.4605 irma@comrascompany.com
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Carmen Gutierrez

Property Manager
MMG Equity Partners
305.637.7300 cgutierrez@mmgequitypartners.com

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