Current Use by Public Records
- Retail properties & Spaces
Property Details for 0000 16Th St
- Year built
- 1954
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional turnkey opportunity presents a well-established bar and restaurant located at 0000 E 16th St, Hialeah, FL 33010, in Miami-Dade County. The 2,927 square foot property, built in 1954, sits on a single story building and is currently operating under a lease. The asking price is $425,000. This single-unit establishment boasts a seating capacity of 260, encompassing indoor dining, a lounge area, and outdoor seating. The business is licensed for full liquor service and includes a recently updated grease trap, both of which are transferable to the new owner. A catering/to-go license issued by the City is also included. The property enjoys a high-traffic location with excellent visibility and accessibility, along with ample parking for both customers and staff. The sale includes most of the furniture, fixtures, and equipment (FF&E), encompassing kitchen equipment, refrigerators, ovens, stoves, grills, and point-of-sale (POS) systems. The current lease offers a low rent, particularly favorable for the area, with options for renewal. The established brand, operating since the 1950s, is also available for purchase at an additional cost. The business has been a neighborhood staple for years, with the current ownership spanning six years. Showings are by appointment only
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
- Hialeah
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2818
- Latitude
- 25.8363
