908 71st St Miami Beach, FL 33141-2916
This thriving Italian gourmet restaurant and bar is available for purchase at $125,000. Located at 908 NE 71st Street in Miami Beach, Florida (zip code 33141), this established business boasts a prime location just one block from the beach, placing it in the heart of a popular tourist area. The property is a retail space with an existing, well-regarded reputation, evidenced by positive reviews across various social media platforms including Instagram and Facebook. The business comes complete with trained employees, minimizing the need for extensive initial staffing. Operating costs are kept low thanks to a favorable lease agreement. The current menu is well-established and easily managed, offering a seamless transition for a new owner. This presents an exceptional opportunity for individuals seeking a new culinary venture, those looking to expand their existing restaurant concepts, or even those wishing to transform a passion into a profitable business. The business's established success may also qualify for certain visa programs; interested parties are encouraged to seek legal counsel for further information regarding visa eligibility. This is a rare chance to acquire a profitable, well-positioned restaurant and bar in a highly desirable Miami Beach location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FLMiami Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.