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Property profile & analytics

908 71st St Miami Beach, FL 33141-2916

  • Turn key restaurants
  • 1,848 SF
  • 0.07 lot acres
OFF-MARKET
Last Sale
May 09, 2023
$500,000
Value Estimations
$390,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-0232560
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.

Current Use by Public Records

  • Sumak Restaurant / Turkish Restaurant / Mediterranean Restaurant

Property Details for 908 71st St

Year built
1946
Construction
CONCRETE
Lot size
0.07 lot acres
Property size
1,848 SF
Zone code
6400:COMMERCIAL,CENTRAL
Property type
Turn key restaurants
APN
02-3210-013-0520
APU
232100130520

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $390,000
    ML approach
    $440,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Miami Beach
County
Miami-dade
State
Florida
Longitude
-80.128
Latitude
25.8555
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
$11,411
$484,000
$119,877
$603,877
-
$484,000
$119,877
$603,877
More about this property
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