667 Lincoln Rd Miami Beach, FL 33139-2915
Property Lookup
Property profile & analytics
667 Lincoln Rd Miami Beach, FL 33139-2915
- Retail space
- 1,089 SF
Property ID
US18-6073405
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 667 Lincoln Rd
- Year built
- 1935
- Property size
- 1,089 SF
- Zone code
- 6600:COMMERCIAL,LIBERAL
- Property type
- Retail space
- APN
- 02-3234-219-0030
- APU
- 232342190030
Description
This exceptional investment opportunity presents a thriving Pizza Tua restaurant located at 667 Lincoln Road in Miami Beach, Florida, 33139. The property, a Class B retail space, boasts a prime location and a strong financial performance. The 2,500 square foot restaurant operates under a Net lease with a corporate guarantee, ensuring consistent income. Currently enjoying 100% occupancy, the business generated a Net Operating Income (NOI) of $178,041 in the last year, representing a remarkable 25% capitalization rate. The lease commenced January 15, 2023, and extends for a total of nine years, with two five-year renewal options. Built in 1935, the restaurant offers significant potential for revenue growth through the addition of breakfast service, delivery options, and a liquor license. The sale includes all equipment and inventory, making this a truly turnkey operation. The asking price is $1,700,000. The seller is motivated and open to exploring seller financing options. This is a rare opportunity to acquire a profitable, established restaurant in a high-demand location with a long-term lease and significant upside potential. Annual sales exceed $3 million. Rent bumps are included in the lease agreement. The property is privately owned.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,535,000 Current use
- OFFICE BUILDING
- $2,725,000 Change: +8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1355
- Latitude
- 25.7907
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,158
$0.00
$0.00
$2,504,700
-
$0.00
$0.00
$2,504,700
