Property profile

948 62Nd St Fort Lauderdale, FL 33334

OFF-MARKET
Retail properties & Spaces
Built 1982
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

948 62Nd St Fort Lauderdale, FL 33334
Fort Lauderdale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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