For Sale
$500,000

524 Ocean DrMiami Beach, FL 33139

Prime Ocean Drive Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional restaurant opportunity is located at 524 Ocean Drive, Miami Beach, Florida, 33139. Built in 1993, this established retail property is offered at $500,000. The property boasts a prime location in the heart of South Beach, just steps from the beach, surrounded by numerous hotels and experiencing high foot traffic. The restaurant currently operates with 80 seats inside and an additional 60 seats in a covered outdoor area, serving breakfast, lunch, brunch, and dinner. The business is fully equipped with state-of-the-art facilities, making it a turnkey operation. Financial records demonstrate a profitable venture with a strong existing team. The current concept is a cafe and restaurant, but alternative concepts are possible, excluding Italian cuisine. This location presents a significant opportunity for investors, with potential for strong returns. The property also qualifies for an EB-5 visa (and E2-Visa). Don't miss this chance to own a thriving business in one of Miami Beach's most desirable locations.

Property Details for 524 Ocean Dr

Property type
Retail properties, Restaurants
Year Built
1993

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7752033
Longitude
-80.1320933
524 Ocean Dr, Miami Beach, Florida

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524 Ocean Dr
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