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Property profile

1960 Ocean Dr Hallandale Beach, FL 33009

OFF-MARKET
Retail properties & Spaces
Built 1980
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Property summary

AI-generated overview

This exceptional beachfront restaurant located at 1960 S Ocean Drive, Hallandale Beach, Florida 33009, presents a lucrative investment opportunity. Built in 1980, this 5000 square foot property boasts a prime location offering stunning ocean views. The expansive space includes a main dining floor, a fully equipped bar, a dedicated kids' room, and a captivating outdoor terrace perfect for al fresco dining. The restaurant's diverse revenue streams include banquet services, catering, beach service, and delivery, contributing to its established profitability. The property is situated in Broward County and enjoys high visibility due to its beachfront location. This turnkey operation is ready for a new owner to continue its success. The asking price for this established and profitable restaurant is $1,600,000. This represents a rare chance to acquire a well-established business with significant potential for growth in a highly desirable location. The property's size and diverse offerings make it an attractive investment for experienced restaurateurs seeking a profitable and established business. The combination of indoor and outdoor seating provides flexibility for various events and customer preferences. The inclusion of a dedicated kids' room adds to the family-friendly appeal of the establishment. This is a unique opportunity to own a thriving restaurant with exceptional ocean views in a prime South Florida location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980

Cap rate & NOI

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

Location

1960 Ocean Dr Hallandale Beach, FL 33009
Hallandale Beach metro
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Value estimations

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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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