Property profile

0 24Th St Miami, FL 33165

OFF-MARKET
Retail properties & Spaces
Built 1960
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24Th St Miami, FL 33165
Miami metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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