Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Coconut Grove Dr
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
Exceptional opportunity to acquire a thriving Italian restaurant in the heart of Coconut Grove, Florida. This established business boasts impressive financials, generating over $5,000,000 in gross revenue annually with a strong 27% profit margin. The low monthly rent significantly contributes to its profitability, making it an attractive investment. Located on a desirable avenue, the restaurant benefits from its prime position within the vibrant Coconut Grove neighborhood, surrounded by complementary businesses including sidewalk cafes, boutiques, and the bustling CocoWalk mall. The restaurant features a modern, fully equipped kitchen, ready for immediate operation. A dedicated and experienced staff is in place, ensuring a seamless transition for the new owner. With a seating capacity of 90, including a pleasant outdoor area, the restaurant is well-positioned for continued success. Ample parking is available. This opportunity also qualifies for an E2 visa or green card, adding further appeal to potential investors. The asking price for this turnkey operation is $5,200,000. This is a rare chance to own a profitable and well-established restaurant in one of Miami's most sought-after locations.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2377
- Latitude
- 25.7308
