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Fully Equipped Restaurant
For Sale
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228 NE 1st Avenue, Miami, FL 33132

Restaurant space with upgraded appliances, grease-trap infrastructure, and a maintained commercial kitchen in a historic hotel setting.

Property SizeContact for details
Days on Market179

Property Features for 228 NE 1st Avenue

General Information

Standard status Active
Total Parking Spaces 50
Property subtype Business for Sale, Office
Zoning T-680-O

Building Details

Year Built 1926
Listing Agency: LoKation
Listed By: Massimo Guarnera · License #3577681
Source: Crexi
Added: Mar 6 Changed: Aug 30 Last Checked: Sep 1 at 4:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation

Investment Insights

Based on property information with market context.

This conventional restaurant occupies space within a historic hotel building and is configured for 39 seats. The operation includes a maintained kitchen, recently added appliances, and a grease trap, providing established food-service infrastructure for continued restaurant use.

The property is located at 228 NE 1st Avenue in Downtown Miami, near Miami Dade College and surrounding residential and office development. Approximately 500 new residential units and nearby office spaces are identified in the surrounding area. A new lease is in place, adding defined occupancy terms for the next operator.

Key Highlights

  • 39‑seat restaurant within a historic hotel building
  • New appliances, grease trap, and maintained commercial kitchen
  • Located near Miami Dade College in Downtown Miami

Property Analytics

Current Use

Smoothie Spot Downtown Specialty Food Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Nursing Home Daycare Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11,882
Businesses Nearby
Under-served
Demand for This Use

Demographics for 33132, FL

18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019
4.3% 2020
3.3% 2021
2.9% 2022
3.1% 2023
2% 2024
2.7% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space with upgraded appliances, grease-trap infrastructure, and a maintained commercial kitchen in a historic hotel setting.
Where is this conventional restaurant located?
The property is located at 228 NE 1st Avenue Miami, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 39‑seat restaurant within a historic hotel building; New appliances, grease trap, and maintained commercial kitchen; Located near Miami Dade College in Downtown Miami
(954) 545-5583 Call to check price and availability
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