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Property profile & analytics
OFF-MARKET
Turn key restaurants

908 71st St Miami Beach, FL 33141-2916

1,848 SF 0.07 ac lot Built 1946
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-0232560
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1946
Construction CONCRETE
Total area 1,848 SF
Lot 0.07 ac (3,025 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3210-013-0520
UPID US18-0232560
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Normandy Fountain Investments LLC · 3 yrs held
Normandy Fountain Investments LLC
since 2023
Last sale
$500,000
7 recorded transactions
2023
Price N/A
2013
Price N/A
2006
Price N/A
2004
Price N/A
2004
$500,000
2004
Price N/A
1969
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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