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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

    Cabo Blanco, a well-established Peruvian restaurant located at 948 NE 62nd St, Oakland Park, Florida 33334, is available for purchase at $120,000. Built in 1982, this turnkey opportunity boasts a full kitchen equipped with a double hood, dishwashing station, grease trap, and a complete fire suppression system. The restaurant includes a bar serving wine and beer, and comfortably seats up to 110 patrons. Financial records indicate annual revenue consistently falls between $550,000 and $650,000. This presents a strong investment opportunity in a thriving location within Broward County. The property is categorized as retail and specifically as a restaurant. The business has been operating successfully since its establishment in June 2002. This is a rare chance to acquire a profitable, established restaurant with significant earning potential. The property's prime location in Oakland Park, Florida offers excellent visibility and access to a substantial customer base. All necessary equipment and infrastructure are in place, making this a truly turnkey operation ready for immediate ownership and operation.

    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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