Property summary
This thriving Venezuelan cafeteria/restaurant, located at 1713 W Flagler St in Miami, Florida (33135), presents a unique investment opportunity. Established in 1977, this well-known eatery boasts a strong reputation within the vibrant Little Havana community. The asking price is $120,000. Situated in the heart of Little Havana, this business benefits from a large and growing customer base, with over 100,000 people in the immediate area. The property includes both indoor and outdoor seating areas, catering to a diverse clientele. The restaurant is fully equipped with essential commercial kitchen features, including a grease trap, hood system, and fryers, making it ideal for continued operation and expansion. Its convenient location on W Flagler Street, near numerous residential developments, ensures high visibility and accessibility. The business is well-positioned to capitalize on the increasing demand for delivery services, offering significant growth potential. This turnkey operation represents a compelling investment in a bustling and culturally rich neighborhood. The property is classified as retail, with a subtype of restaurant.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 6100:COMMERCIAL,NEIGHBRHD in Miami, FL.
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