550 Biltmore Way Coral Gables, FL 33134

Building Details

Year Built

1986

Listing office Realty One Group Royal Oaks c***@hotmail.com Show Phone

Listing date Mar 13, 2024

Source Crexi

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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.

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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.