948 62Nd St Fort Lauderdale, FL 33334
- Retail properties
Current Use by Public Records
- Cabo Blanco Restaurant / Peruvian Restaurant
Property Details for 948 62Nd St
- Year built
- 1982
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Peruvian restaurant, Cabo Blanco, located at 948 NE 62nd St, Fort Lauderdale, FL 33334, presents a fantastic turnkey opportunity. Built in 1982, this retail property is priced at $160,000. The restaurant boasts a fully equipped kitchen featuring a double hood, dishwashing station, grease trap, and a complete fire suppression system. A bar is also included, offering wine and beer service. With a seating capacity of 110, Cabo Blanco has consistently generated annual revenue between $550,000 and $650,000. This well-established business benefits from its location in Broward County and is part of a larger restaurant group with additional locations throughout the county. The property is ready for immediate operation, making it an ideal investment for a seasoned restaurateur or a new entrepreneur looking to enter the thriving Fort Lauderdale food scene. This is a rare opportunity to acquire a profitable, established business with significant potential for growth. The property's strong financial history and existing infrastructure make it a compelling investment prospect.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1336
- Latitude
- 26.203
