710 Washington AveMiami Beach, FL 33139

Property Details for 710 Washington Ave

Year built

1976

Property size (Sq ft)

690 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Retail space

APN

02-4203-171-1010

APU

242031711010

Description

This thriving South Beach restaurant, located at 710 Washington Ave, Miami Beach, FL 33139, presents a unique investment opportunity. Built in 1976, this retail property is offered at $450,000. The restaurant features ample seating capacity and a covered terrace with a large awning, creating a welcoming atmosphere for patrons. An active beer and wine license is in place, simplifying the transition for the new owner. This well-established Latin cuisine restaurant offers a turnkey operation, ideal for an aspiring restaurateur seeking a profitable business with established clientele. The current owner is providing comprehensive training and support to ensure a smooth transition and continued success. This is a chance to acquire a profitable, ongoing business in a high-demand location, benefiting from the vibrant South Beach atmosphere and established customer base. The property is situated in Miami-Dade County, Florida, offering excellent visibility and accessibility. This is a rare opportunity to own a successful restaurant in a prime South Beach location. Don't miss this chance to become part of the thriving South Beach culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $875,730

  6.5%

  $808,366

  7%

  $750,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $665,717

  Geo Method

  $665,717

• Alternative Use

  Use

  Valuation

  Residential

  $681,887

  Hospitality

  $624,605

  Educational

  $519,664

  Medical

  $537,536

  Retail

  $808,366

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7777

Longitude

-80.1337

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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