Collins Ave Miami Beach, FL 33180
- Specialty properties
- 3,500 SF
Current Use by Public Records
- Specialty properties
Property Details for 0 Collins Ave
- Property size
- 3,500 SF
- Property type
- Specialty properties
Description
This exceptional 3,500 square foot beauty salon and spa is ideally situated in the heart of Sunny Isles Beach, Florida, within a vibrant area featuring modern residential buildings and a high volume of foot traffic from a nearby shopping center. The property boasts a prime Collins Avenue address in Miami-Dade County (zip code 33180) and includes a private terrace and assigned parking spaces. The business benefits from a substantial existing customer database and utilizes free-of-charge credit card processing terminals. The interior features six fully renovated procedure rooms with built-in furniture, eleven hair stations, nine manicure stations, six pedicure chairs, and three head wash stations. The property's HVAC system was recently upgraded in May 2021 with the installation of a 12-ton AC unit. Offered at $500,000, this turnkey operation generates a strong net operating income (NOI) of $259,981, representing a significant investment opportunity. The property is offered with 100% ownership and operates under a modified lease agreement. This is a rare chance to acquire a well-established and profitable business in a prime location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1228
- Latitude
- 25.8206
