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    710 Washington Ave Miami Beach, FL 33139

    Sponsored
    For Sale
    $450,000

    Established Latin Cuisine, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving South Beach restaurant, located at 710 Washington Ave, Miami Beach, FL 33139, presents a unique investment opportunity. Built in 1976, this retail property is offered at $450,000. The restaurant features ample seating capacity and a covered terrace with a large awning, creating a welcoming atmosphere for patrons. An active beer and wine license is in place, simplifying the transition for the new owner. This well-established Latin cuisine restaurant offers a turnkey operation, ideal for an aspiring restaurateur seeking a profitable business with established clientele. The current owner is providing comprehensive training and support to ensure a smooth transition and continued success. This is a chance to acquire a profitable, ongoing business in a high-demand location, benefiting from the vibrant South Beach atmosphere and established customer base. The property is situated in Miami-Dade County, Florida, offering excellent visibility and accessibility. This is a rare opportunity to own a successful restaurant in a prime South Beach location. Don't miss this chance to become part of the thriving South Beach culinary scene.

    Property Features for 710 Washington Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1976

    HighLights

    • $450,000 asking price.
    • Miami Beach, FL retail property.
    • Restaurant subtype, built in 1976.
    • Established Latin cuisine restaurant with ample seating and covered terrace.
    • Active beer and wine license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -80.1336853
    Latitude
    25.777647

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    FAQs

    What type of property is this?
    Restaurant - Established Latin Cuisine, Prime Location
    Where is this restaurant located?
    The property is located at 710 Washington Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; Miami Beach, FL retail property.; Restaurant subtype, built in 1976.
    Request Owner's contact information
    710 Washington Ave 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
    710 Washington Ave Miami Beach, FL 33139
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