550 Biltmore Way Coral Gables, FL 33134
Fully equipped restaurant with guaranteed lease until 2030.
Type:Retail, Office
Property size:
150 SF- Added:
- Mar 13, 2024
- Days on Market:
- 766
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 550 Biltmore Way
General Information
- Standard status
- Active
- Size
- 150 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1986
Listing agent carlos Linares License #3559394
Listing office Realty One Group Royal Oaks
Listing date Mar 13, 2024
Source Crexi
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 Realty One Group Royal Oaks
Overview
Turnkey Restaurant in Coral Gables
This is a takeout restaurant featuring 12 dining tables located in the building's lobby for customer use. The property includes all equipment, the existing menu, and current inventory. A guaranteed lease is in place until 2030 at a rate of $1,650 per month, with minimal annual adjustments. This rate includes water and garbage removal. The grease trap meets all annual DERM inspection requirements. The fully equipped kitchen is separated from the retail area and features a large stainless steel hood. Direct access to the street alley facilitates loading, deliveries, and parking. Additionally, there is a separate office/storage space of approximately 150 square feet with 8-foot ceilings. The property has no violations and maintains excellent relations with the city. Adding a terrace in front of the building is negotiable.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.265981
- Latitude
- 25.747916
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Fully equipped restaurant with guaranteed lease until 2030.
Where is this conventional restaurant located?
The property is located at 550 Biltmore Way Coral Gables, FL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Guaranteed lease until 2030 at a very low $1,650/month (includes water and garbage removal).; **Fully equipped kitchen with a large stainless steel hood and direct access to the street alley for deliveries and parking.**; Includes all equipment, menu, and inventory for a turnkey restaurant operation.
