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    OFF-MARKET
    Retail properties & Spaces

    948 62Nd St, Fort Lauderdale, FL 33334

    Built 1982
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1982
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cabo Blanco Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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