Property Details for 0 Ocean Dr

Property size

5,000 SF

Property type

Commercial real estate

Description

This exceptional oceanfront restaurant and bar in Miami Beach, Florida, presents a lucrative investment opportunity. Boasting 5,000 square feet of total space, including a main dining area, bar, children's play area, and a stunning enlarged outdoor terrace, this establishment offers breathtaking ocean views. Recently renovated in 2021, the restaurant features a sophisticated design and serves Asian and European fusion cuisine. Its prime location on Ocean Drive in the 33139 zip code allows for beach service, catering, and delivery, catering to a diverse clientele. The restaurant is renowned for hosting large-scale events such as parties, banquets, and bar mitzvahs, creating a consistent stream of revenue. Guests are drawn to the romantic ambiance of the outdoor terrace, enhanced by live candlelight concerts on weekend evenings. The unique menu and cocktail offerings foster repeat business and memorable experiences. An added benefit is the option to rent a neighboring ballroom for larger events, utilizing shared kitchen access. A small cafeteria is also available for an additional $2,500 monthly rent, potentially expanding service offerings. The asking price of $2,200,000 includes all inventory. With a net rentable area of 7,418 square feet, the price per square foot is $440. This is a remarkable opportunity for an E-2 visa investment.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Longitude

-80.1332

Latitude

25.7685