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    550 Biltmore Way Coral Gables, FL 33134

    Sponsored
    For Sale
    $165,000

    Established Restaurant, Prime Location, Excellent Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving Coral Gables restaurant, located at 550 Biltmore Way, presents a unique turnkey investment opportunity. Built in 1986, this retail space offers a fully equipped kitchen, separated from the main retail area, featuring a large stainless steel hood – a significant advantage for many restaurants. The kitchen boasts direct access to a convenient street alley, ideal for deliveries and loading. Additional space includes a separate office/storage area of approximately 150 square feet with an 8-foot ceiling. The property benefits from a guaranteed lease extending until 2030, at a monthly rate of $1,650, with minimal annual adjustments. This lease includes water and garbage removal, a significant cost savings considering Coral Gables city charges approximately $1,000 annually for these services. The grease trap is compliant with all DERM inspection requirements. The restaurant is in excellent standing with the city and has an alcohol license currently in process, which the buyer can continue to obtain. All equipment, the existing menu, and inventory are included in the asking price of $165,000. This exceptional opportunity combines a strong lease, a well-equipped space, and a prime Coral Gables location, making it an attractive investment for experienced restaurateurs. The property is located in Miami-Dade County, Florida, zip code 33134. No violations are currently on file.

    Property Features for 550 Biltmore Way

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1986

    HighLights

    • Turnkey restaurant investment opportunity in Coral Gables, FL.
    • Fully equipped kitchen with large stainless steel hood and alley access for deliveries.
    • Separate 150 sq ft office/storage area.
    • Guaranteed lease until 2030 at $1,650/month, including water & garbage.
    • DERM‑compliant grease trap; no city violations.
    • Asking price: $165,000, including equipment, menu, and inventory; alcohol license in process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2655311
    Latitude
    25.7480278

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Prime Location, Excellent Lease
    Where is this 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 $165,000.
    What are key features of this property?
    This property features: Turnkey restaurant investment opportunity in Coral Gables, FL.; Fully equipped kitchen with large stainless steel hood and alley access for deliveries.; Separate 150 sq ft office/storage area.
    Request Owner's contact information
    550 Biltmore Way Coral Gables, FL 33134
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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
    550 Biltmore Way Coral Gables, FL 33134
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