Property summary
This thriving restaurant and bar, located in Miami's central business district of West Dade, presents a fantastic investment opportunity. Situated on Coral Way, this freestanding building boasts excellent street frontage and ample parking, ensuring high visibility and convenient access for patrons. The property features a spacious interior with seating for 150 guests, fully equipped kitchen, and a 4-cop liquor license, allowing for a full-service operation. The business has a proven track record of success, operating for over 15 years. Included in the sale is all existing kitchen equipment. An 8-year lease remains on the property, with options to renew, providing long-term stability for the buyer. The asking price is $795,000. Please note that this sale is for the business only; the real estate is not included. Built in 1960, this well-established business is ready for a new owner to continue its legacy of success in a prime Miami location. The property is located at xxxx SW 24th St, Miami, FL 33165, in Miami-Dade County.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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