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    99 Miracle Mile- Restaurant For Sale Coral Gables, FL 33134

    For Sale
    $900,000

    Luxury Coral Gables eatery, fully equipped, high-revenue potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Coral Gables restaurant, located at 99 Miracle Mile, is offered for sale at $900,000. Boasting a prime location on Miracle Mile/Coral Way in Miami-Dade County, Florida (zip code 33134), this well-established business enjoys a high volume of foot traffic. The property is a fully equipped retail space, categorized as both a restaurant and bar, featuring a spacious interior with seating for 201 guests. The restaurant includes a full-service kitchen, a full-service lounge bar, and an outdoor covered dining area. The current menu specializes in a diverse range of cuisines, including sushi, steak, grill, seafood, and Japanese fusion, offering significant flexibility for future owners to maintain the current concept or implement their own vision. Over $2 million in renovations have already been completed, ensuring the space is move-in ready. The property benefits from a favorable lease agreement. A virtual tour and additional media are available upon request. Serious inquiries only

    Property Features for 99 Miracle Mile- Restaurant For Sale

    General Information

    Property type
    Restaurants

    HighLights

    • Exceptional Coral Gables restaurant for sale at $900,000.
    • Prime Miracle Mile/Coral Way location in Miami‑Dade County, FL (33134) with high foot traffic.
    • Fully equipped 201‑seat restaurant and bar with full‑service kitchen, lounge bar, and outdoor seating.
    • Diverse menu (sushi, steak, grill, seafood, Japanese fusion) allows for flexibility in future operations.
    • Over $2 million in recent renovations; move‑in ready.
    • Favorable lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2566894
    Latitude
    25.7497348

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    FAQs

    What type of property is this?
    Restaurant - Luxury Coral Gables eatery, fully equipped, high-revenue potential.
    Where is this restaurant located?
    The property is located at 99 Miracle Mile- Restaurant For Sale Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Exceptional Coral Gables restaurant for sale at $900,000.; Prime Miracle Mile/Coral Way location in Miami-Dade County, FL (33134) with high foot traffic.; Fully equipped 201-seat restaurant and bar with full-service kitchen, lounge bar, and outdoor seating.
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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
    99 Miracle Mile- Restaurant For Sale Coral Gables, FL 33134
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