409 Okeechobee RdHialeah, FL 33010

Property Details for 409 Okeechobee Rd

Year built

1943

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,513 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Turn key restaurants

APN

04-3120-005-1210

APU

431200051210

Description

This thriving restaurant, located at 409 E Okeechobee Rd in Hialeah, Florida, presents a unique investment opportunity. Established in 1943, this 1513 square foot space boasts a cozy interior and an inviting outdoor terrace, creating a welcoming atmosphere for patrons. The fully equipped kitchen includes multiple coolers/freezers, a hood grease trap, and ample food preparation tables, ensuring efficient operations. The sale includes all existing equipment, contributing to a seamless transition for the new owner. The restaurant enjoys a loyal clientele and a strong reputation, built over decades of service. Its prime location on Okeechobee Road places it amidst commercial offices and mixed-use residential projects, guaranteeing high visibility and foot traffic. Further enhancing its appeal is a valid Beer & Wine License, adding to the revenue potential. This turnkey operation is ideal for an experienced restaurateur seeking an established business with significant growth potential. The asking price is $225,000. The property is situated in Miami-Dade County, Florida, zip code 33010. This is a rare chance to acquire a well-established and profitable restaurant in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $630,590

  6.5%

  $582,083

  7%

  $540,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,752

  Geo Method

  $537,752

• Alternative Use

  Use

  Valuation

  Residential

  $491,009

  Hospitality

  $449,762

  Educational

  $374,196

  Medical

  $387,066

  Retail

  $582,083

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8171

Longitude

-80.2723

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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