Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    931 Normandy Dr Miami Beach, FL 33141

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Established restaurant with indoor and outdoor seating available for sale.

    Building Details

    Year built
    1941

    Source: Interbloom Business Brokerage, Inc. Agent David Osorio

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

    Overview

    Turnkey Restaurant on Normandy Drive

    A 2,528 square foot restaurant is available for purchase. The restaurant is located in a freestanding building on Normandy Drive, offering potential for local and tourist business. The layout accommodates 80 interior guests and 40 exterior guests. The current lease has 3 years remaining on a 3 + 5 year term. The sale includes all furniture, fixtures, equipment, and inventory in as-is condition. The current owner is looking to pursue other interests and is motivated for a quick sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.12889
    Latitude
    25.856085

    Nearby Similar for Sale

    • New
      $550,000
      720 SF

      Carillon Miami Wellness Resort Suite

      One-bedroom hotel suite with two balconies in Miami Beach.
      6801 Collins Ave, Miami Beach, FL 33141
      View Details
    • $110,000

      Grocery Store Business Opportunity

      Remodeled grocery store in high-traffic Miami Beach location.
      North Bay Village, Miami Beach, FL 33141
      View Details
    • $1,630,000
      3,707 SF

      Miami Beach Fourplex Investment Opportunity

      Fourplex in prime Miami Beach location, close to the beach.
      7320 Carlyle Ave, Miami Beach, FL 33141
      View Details
    • $16,900,000

      Renovated Hotel in South Beach

      Fully renovated 25-suite hotel with cafe in Miami Beach.
      205 Collins Ave, Miami Beach, FL 33139
      View Details
    • $2,500,000
      3,990 SF

      Licensed Hotel/STR Multi-Family Building

      Rare, fully licensed hotel/short term rental in South Beach.
      1534 Euclid Ave, Miami Beach, FL 33139
      View Details
    • $2,500,000

      Licensed Hotel/STR Multifamily Building

      Rare, licensed South Beach hotel/short-term rental multifamily property for sale.
      1534 Euclid Ave, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Established restaurant with indoor and outdoor seating available for sale.
    Where is this turn key restaurant located?
    The property is located at 931 Normandy Dr Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity with all Furniture, Fixtures, Equipment, and Inventory included.; - Prime location in a freestanding building on Normandy Drive, attracting local and tourist customers.; - Seating capacity for 80 interior and 40 exterior guests.
    (786) 267-7053
    Request Owner's contact information
    931 Normandy Dr Miami Beach, FL 33141
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    931 Normandy Dr
    Miami Beach, FL 33141
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    931 Normandy Dr Miami Beach, FL 33141
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.