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    5010 2Nd Ave Miami, FL 33137

    Sponsored
    For Sale
    $84,000

    Profitable Empanada Cafe in Upper Buena Vista

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This thriving Miami restaurant, Punta Lara Cafe LLC, presents a rare opportunity for ownership. Located at 5010 NE 2nd Ave, Miami, FL 33137, within the acclaimed Upper Buena Vista Outdoor Mall (recently named "Best Mall of Miami"), this established eatery boasts a unique South Florida setting. Built in 1949, the cafe offers a cozy atmosphere with 4 inside and 10 outside seats. Recently awarded "Best Empanadas in Miami," the business includes a beer and wine bar and has demonstrated profitability since opening a few months ago. The sale includes an affordable lease with a renewal option, making this a turnkey operation ideal for an ambitious entrepreneur. The asking price is $84,000. This is a chance to acquire a successful, well-located restaurant with significant growth potential in a vibrant Miami neighborhood. The business is easily managed and offers a strong return on investment. Don't miss this exceptional opportunity to own a piece of Miami's culinary scene.

    Property Features for 5010 2Nd Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1949

    HighLights

    • $84,000 asking price for a Miami, FL restaurant.
    • Profitable restaurant in the Upper Buena Vista Outdoor Mall, recently named "Best Empanadas in Miami".
    • Established business with a few months of operating history.
    • Small footprint with 4 interior and 10 exterior seats.
    • Affordable rent with lease renewal option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goldenbar - Upper Buena ... Clothing Store Island Soul (IS) ... Jewelry Store Iniva Store Branja Restaurant Randy Lindgren Aesthetic ... Skin Care Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1919049
    Latitude
    25.8215035

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    FAQs

    What type of property is this?
    Restaurant - Profitable Empanada Cafe in Upper Buena Vista
    Where is this restaurant located?
    The property is located at 5010 2Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: $84,000 asking price for a Miami, FL restaurant.; Profitable restaurant in the Upper Buena Vista Outdoor Mall, recently named "Best Empanadas in Miami".; Established business with a few months of operating history.
    Request Owner's contact information
    5010 2Nd Ave Miami, FL 33137
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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
    5010 2Nd Ave Miami, FL 33137
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