Restaurant with Liquor
9801 NE 2nd Avenue, Miami Shores, FL 33138
For Sale
$800,000
An operating restaurant business is offered with a liquor license in Miami Shores.
Property Size2,650 SF
Price / SF$301.89
Days on Market54
Property Features for 9801 NE 2nd Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Currently Operating
Building Details
Year Built
Listing Agency:
Veritas Property Advisors LLC
(786) 558-5776
Listed By:
Adrian Lago · License #3520410
(786) 566-2334
Source:
Wycliffecommunityrealty
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 7 at 2:24PM
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 Veritas Property Advisors LLC
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Investment Insights
Based on property information with market context.
The offering combines an operating restaurant business with a liquor license. The associated property contains 2,650 square feet and was built in 1953.
Located at 9801 NE 2nd Avenue in Miami Shores, Florida, the restaurant is available for sale.
Located at 9801 NE 2nd Avenue in Miami Shores, Florida, the restaurant is available for sale.
Key Highlights
- Operating restaurant business offered with a liquor license
- 2,650‑square‑foot property
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,015
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,300
$1.0M
Cap Rate 7%
$728,786
$728.8K
Cap Rate 9%
$566,833
$566.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$73.1K $27.60/SF
− Vacancy
−$5.1K −$1.93/SF
EGI
$68.0K $25.67/SF
− OpEx
−$17.0K −$6.42/SF
NOI
$51.0K $19.25/SF
Area
Miami-Dade County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,300
Cap Rate 7%
$728,786
Cap Rate 9%
$566,833
Alternative Uses
Best Use
Specialty Retail
$728.8K
$637.7K – $850.3K
NOI $51,015 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,112 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Restaurants in Miami-Dade County, FL
Properties on Market for Restaurants in Miami-Dade County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Social Cater — 860 NE 79th St, Miami, FL 33138
- Frites Fries — 860 ne 79th st, miami, fl 33138
- Cannabis Commercial Kitchen — 860 NE 79th St B, Miami, FL 33138
Frequently Asked Questions
What type of property is this?
Restaurant - An operating restaurant business is offered with a liquor license in Miami Shores.
Where is this restaurant located?
The property is located at 9801 NE 2nd Avenue Miami Shores, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Operating restaurant business offered with a liquor license; 2,650‑square‑foot property; Built in 1953
