Italian Restaurant with Outdoor
94 MIRACLE MILE Coral Gables, FL 33134
For Sale
$130,000
Pending
Turnkey Italian restaurant offering 33 interior seats plus four exterior seats and a fully equipped kitchen.
Property Size756 SF
Days on Market3561
Property Features for 94 MIRACLE MILE
General Information
Standard status
Pending
Size
756 SF
Property subtype
Business Opportunities
Building Details
Year Built
2013
Listing Agency:
Windsor Real Estate Group
(305) 801-2569
Listed By:
Pablo Urquizo
(305) 801-2569
Source:
Xome
Added: Oct 29, 2016
Changed: Jul 26
Last Checked: Jul 26 at 6:23PM
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 Windsor Real Estate Group
Investment Insights
Based on property information with market context.
This Italian restaurant for sale is set up for immediate operation with a state-of-the-art interior lighting and decoration package and a fully equipped kitchen. Seating includes 33 seats inside and four seats outside.
The property is located in Coral Gables along Miracle Mile, described as very busy with lots of pedestrian traffic. Public remarks also reference nearby Miracle Mile design changes that may support additional outdoor seating capacity in the future.
The current configuration is suited for on-site dining and guest events, supported by the restaurant’s established, loyal clientele referenced in the remarks.
The property is located in Coral Gables along Miracle Mile, described as very busy with lots of pedestrian traffic. Public remarks also reference nearby Miracle Mile design changes that may support additional outdoor seating capacity in the future.
The current configuration is suited for on-site dining and guest events, supported by the restaurant’s established, loyal clientele referenced in the remarks.
Key Highlights
- Italian restaurant for sale on Miracle Mile in the heart of Coral Gables
- Seating for 33 inside plus 4 outside seats
- Fully equipped kitchen
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.3k | $16.32 |
| − Vacancy | −$679 | −$0.90 |
| EGI | $11.7k | $15.42 |
| − OpEx | −$3.5k | −$4.63 |
| NOI | $8.2k | $10.80 |
756 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$207.9K
$181.9K – $242.6K
NOI $14,554 @ 7.0% cap · market cap 11.20%
Second Best
Industrial
$116.6K
$102.0K – $136.0K
NOI $8,162 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$383.6K
$335.6K – $447.5K
NOI $26,849 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey Italian restaurant offering 33 interior seats plus four exterior seats and a fully equipped kitchen.
Where is this conventional restaurant located?
The property is located at 94 MIRACLE MILE Coral Gables, FL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Italian restaurant for sale on Miracle Mile in the heart of Coral Gables; Seating for 33 inside plus 4 outside seats; Fully equipped kitchen
