Turnkey Restaurant in Coral
For Sale
Contact for pricing
550 Biltmore Way, Coral Gables, FL 33134
Fully equipped restaurant with guaranteed lease until 2030.
Property Size150 SF
Price / SF$860
Days on Market901
Property Features for 550 Biltmore Way
General Information
Standard status
Active
Size
150 SF
Total Parking Spaces
50
Property subtype
Retail, Office
Building Details
Year Built
1986
Listing Agency:
Realty One Group Royal Oaks
(786) 355-1449
Listed By:
carlos Linares · License #3559394
Source:
Crexi
Added: Mar 13, 2024
Changed: Aug 14
Last Checked: Aug 29 at 3:08PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
