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OFF-MARKET
Retail properties & Spaces

0 Over $100 000! Miami Beach, FL 33141

2,000 SF Built 2016
Property ID
Property summary
AI-generated overview

This thriving Peruvian restaurant in Miami Beach, Florida (zip code 33141), presents a unique investment opportunity. Located in a high-traffic area, this 2,000 square foot establishment boasts a fully equipped kitchen and updated dining room, creating an upscale dining experience. Built in 2016, the restaurant has consistently generated strong sales, exceeding $1,132,000 annually, with an owner benefit exceeding $138,000. The current lease extends until December 30, 2027, with a five-year option. The monthly rent is $12,000. The restaurant comfortably seats 44 patrons indoors. The sale includes all equipment: a large and small range oven, microwave, grill, deep fryer, walk-in cooler, commercial refrigerator and freezer, a six-tap draft beer system, two prep tables, ample food storage containers, cooking utensils, a sound system, and a security system. The restaurant currently operates with 12 full-time employees and no part-time employees. The business is currently open from 12 pm to 10 pm. The seller offers two weeks of support for a smooth transition. This is the only Peruvian restaurant in the immediate neighborhood, presenting significant growth potential, particularly by expanding hours to include weekend brunch service. Priced at $219,000, this turnkey operation is ready for a new owner to capitalize on its established success and further expand its market reach. While traditional SBA lending is unavailable, alternative financing options may be explored.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2016
Total area 2,000 SF
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
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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