Bahamian Restaurant with Bar
For Sale
$450,000
361 NW 27th Avenue, Pompano Beach, FL 33069
The sale includes an operating restaurant business, its trade name, furniture, fixtures, equipment, inventory, and goodwill.
Property Size1,089 SF
Lot Size0.22 Acres
Price / SF$413.22
Days on Market95
Property Features for 361 NW 27th Avenue
General Information
Standard status
Active
Size
1,089 SF
Lot size
0.22 Acres
Property subtype
Business
Zoning
B-2
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$4,350
Building Details
Building Size
1,089 SF
Year Built
1968
Buildings
1
Listing Agency:
LUXE Capital Advisors
Listed By:
Denis S Alvarez · License #3310315
(305) 487-8487
Source:
Pamandtoni
Added: Aug 1
Changed: Nov 1
Last Checked: Nov 1 at 6:23AM
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 LUXE Capital Advisors
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Investment Insights
Based on property information with market context.
This freestanding Bahamian restaurant includes an approximately 1,089-square-foot building on an approximately 0.22-acre lot. The property was built in 1968 and is zoned B-2. Interior features include a bar and table seating, with a Junkanoo mural on the exterior. The sale package includes the operating business, trade name, furniture, fixtures and equipment, inventory, and goodwill.
The restaurant serves breakfast, lunch, and dinner seven days a week, with delivery available through DoorDash and Postmates. The property is within the Pompano Beach CRA Northwest District and Flood Zone X. Two adjoining vacant commercial lots are separately available for a potential assemblage of approximately 0.43 acre.
The restaurant serves breakfast, lunch, and dinner seven days a week, with delivery available through DoorDash and Postmates. The property is within the Pompano Beach CRA Northwest District and Flood Zone X. Two adjoining vacant commercial lots are separately available for a potential assemblage of approximately 0.43 acre.
Key Highlights
- Freestanding restaurant building of approximately 1,089 SF on an approximately 0.22‑acre lot
- Sale includes the operating business, trade name, FF&E, inventory, and goodwill
- B‑2 zoning and Flood Zone X
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,344
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,880
$566.9K
Cap Rate 7%
$404,914
$404.9K
Cap Rate 9%
$314,933
$314.9K
Market Conditions
NOI Build-Up for 1,089 SF
Gross rent
$39.2K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$37.8K $34.70/SF
− OpEx
−$9.4K −$8.68/SF
NOI
$28.3K $26.03/SF
Area
Pompano Beach, FL
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,880
Cap Rate 7%
$404,914
Cap Rate 9%
$314,933
Alternative Uses
Best Use
Specialty Retail
$404.9K
$354.3K – $472.4K
NOI $28,344 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.7K
$371.6K – $495.5K
NOI $29,730 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes an operating restaurant business, its trade name, furniture, fixtures, equipment, inventory, and goodwill.
Where is this conventional restaurant located?
The property is located at 361 NW 27th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding restaurant building of approximately 1,089 SF on an approximately 0.22‑acre lot; Sale includes the operating business, trade name, FF&E, inventory, and goodwill; B‑2 zoning and Flood Zone X
