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    667 Lincoln Rd Miami Beach, FL 33139

    For Sale
    $1,700,000

    Profitable Turn-Key Restaurant, High Foot Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional restaurant opportunity is located at 667 Lincoln Road #667, Miami Beach, Florida, 33139. Built in 1935, this single-building retail property is listed at $1,700,000 and offers potential seller financing. The property boasts a prime location on Lincoln Road, benefiting from over 11 million annual visitors. Currently operating as a profitable pizza/Italian restaurant, it features a 2COP (Beer & Wine) license and additional untapped revenue streams. Recent investments exceeding $200,000 include new tables, chairs, umbrellas, a $40,000 pizza oven, and completely updated kitchen equipment, refrigerators, and freezers. The new owner can seamlessly continue the existing successful operation or implement a new concept, capitalizing on the high foot traffic and established location in the heart of South Beach. This is a truly unique opportunity to acquire a thriving business in one of Miami Beach's most desirable locations. The property's strong financial performance and recent upgrades present a compelling investment proposition with significant upside potential.

    Property Features for 667 Lincoln Rd

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1935
    Buildings
    1

    HighLights

    • $1,700,000 asking price for a profitable, turn‑key restaurant.
    • Located on Lincoln Road in Miami Beach, FL, a high‑traffic area.
    • Features a 2COP (Beer & Wine) license and additional revenue streams.
    • Recently renovated with over $200,000 in improvements, including new kitchen equipment.
    • 1935‑built, single‑building retail property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1354475
    Latitude
    25.7907688

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    FAQs

    What type of property is this?
    Restaurant - Profitable Turn-Key Restaurant, High Foot Traffic
    Where is this restaurant located?
    The property is located at 667 Lincoln Rd Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for a profitable, turn-key restaurant.; Located on Lincoln Road in Miami Beach, FL, a high-traffic area.; Features a 2COP (Beer & Wine) license and additional revenue streams.
    Request Owner's contact information
    667 Lincoln Rd Miami Beach, FL 33139
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    Miami Beach, FL 33139
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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
    667 Lincoln Rd Miami Beach, FL 33139
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