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    405-407 15Th St Miami, FL 33139

    New
    For Sale
    $300,000

    Business Opportunity - Miami Beach, FL

    Days on Market:
    3
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 405-407 15Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Related ISG Realty (305) 932-6365 [email protected]

    Listing agent Anastasia Krasun Voropaieva (305) 932-6365 License #3524077

    Listing date Dec 12, 2025

    MLS# A11889140 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Beach Restaurant Business Opportunity

    Located in a high-traffic area on the corner of Washington Ave in Miami Beach, this Mediterranean street food restaurant, SPITFIRE, is available for purchase. The business generates $50,000 per month in gross sales with an annual rent of $75,000. The total indoor and outdoor space is 1,300 square feet with 30 approved seats. The existing business comes with a 5+5 year lease extending from 2024 to 2029 and beyond. The property is located next to Five Guys and Taco-Rico Mexican Restaurant. It is fully equipped with a grease trap and hood, which allows for easy transition to any food and beverage concept. The sale includes the existing LLC, complete with a valid restaurant business license, presenting a seamless opportunity for an owner-operator or investor.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Law Firm Dental Office Spa & Massage Restaurant Hair Salon Realty agency Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Supreme Hookah Catering, Open Tab Miami, Creole Garden, Minera P'huyu Yuraq II EIRL, Ben & Jerry’s

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.132668
    Latitude
    25.787792

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    FAQs

    What type of property is this?
    Restaurant - Established Mediterranean restaurant for sale in prime Miami Beach location.
    Where is this restaurant located?
    The property is located at 405-407 15Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Prime Miami Beach location on Washington Ave in a high-traffic area.; - Established Mediterranean street food restaurant (SPITFIRE) generating $50,000/month in gross sales.; - Favorable lease terms: 5+5 year lease (2024-2029+).
    (305) 932-6365
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    405-407 15Th St Miami, FL 33139
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    Miami, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405-407 15Th St Miami, FL 33139
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