732 125Th StNorth Miami, FL 33161

Property Details for 732 125Th St

Year built

1950

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

4,380 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Bars

APN

06-2230-015-0020

APU

622300150020

Description

This thriving North Miami sports bar presents a unique investment opportunity. Located at 732 NE 125th St, in Miami-Dade County, Florida (zip code 33161), this single-story, 4,000 square foot establishment boasts a loyal customer base cultivated over many years. Known for its welcoming neighborhood atmosphere, the bar features pool tables, darts, and beer pong, attracting a consistent clientele. A significant draw is the extended happy hour, running from 4 PM to 4 AM, seven days a week. Further enhancing its appeal is a late-night breakfast menu and award-winning ribs. The business operates under new hours of 12 PM to 3 AM daily. The asking price is $3,495,000, translating to $873.75 per square foot. The sale includes all furniture, fixtures, and equipment, a significant asset. Crucially, the sale also encompasses all necessary licenses for operation, including a valuable Miami-Dade County 4-COP quota alcoholic beverage license, estimated at $450,000. This turnkey operation offers immediate revenue generation and significant potential for continued growth in a desirable location. The property is offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $4,177,252

  6.5%

  $3,855,925

  7%

  $3,580,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,225,856

  Geo Method

  $4,225,856

• Alternative Use

  Use

  Valuation

  Residential

  $3,252,617

  Hospitality

  $2,979,380

  Educational

  $2,478,809

  Medical

  $2,564,059

  Retail

  $3,855,925

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8902

Longitude

-80.184

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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