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    120 SE 3Rd Ave Miami, FL 33131

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    For Sale
    $175,000

    Established lunch-only restaurant with high foot traffic and loyal customers.

    Building Details

    Year built
    2001

    Source: Transworld Commercial R.E. Agent Pablo Langesfeld

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Miami Restaurant-Cafe For Sale

    This is a lunch-only restaurant-cafe located in the heart of Downtown Miami. The business has been operating for 24 years and benefits from high foot traffic and a loyal customer base. The location is in a dense urban area, surrounded by offices and residential buildings. The restaurant features a fully equipped kitchen and 36 seats. It is a turnkey, second-generation asset sale, requiring minimal buildout and downtime. There is strong potential to increase revenue by adding breakfast, dinner, and weekend hours. The area supports good food delivery services. This opportunity is ideal for an owner-operator. The sale is confidential, and a Non-Disclosure Agreement is required for further details. Employees are unaware of the sale, so please do not contact them. Good financials and restaurant experience are required for landlord approval.
    Location Intelligence

    Current Use by Public Records

    Iron Sushi Sushi Restaurant Union Cafe & Restaurant Lunch Restaurant

    Suggested Use

    Dental Office Spa & Massage Restaurant Realty agency Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Auto Repair Shop

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

    Similar Places Nearby

    Cafe 701, Ar Ar Ar, sanvillabuffet, Manila Kantina Buffet

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.18927
    Latitude
    25.773032

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    FAQs

    What type of property is this?
    Conventional restaurant - Established lunch-only restaurant with high foot traffic and loyal customers.
    Where is this conventional restaurant located?
    The property is located at 120 SE 3Rd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Established lunch-only restaurant-cafe operating for 24 years with a loyal customer base.; - Prime downtown Miami location with high foot traffic surrounded by offices and residential buildings.; - Turnkey second-generation asset sale with a fully equipped kitchen and 36 seats.
    (786) 290-1091
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    120 SE 3Rd Ave Miami, FL 33131
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    Miami, FL 33131
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    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
    120 SE 3Rd Ave Miami, FL 33131
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