148 167Th StMiami, FL 33169

Property Details for 148 167Th St

Year built

1971

Construction

CONCRETE

Lot size

1.44 AC

Property size (Sq ft)

82,605 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Hotels

APN

30-2113-007-2630

APU

3021130072630

Description

This turnkey restaurant opportunity in Miami, Florida, presents a unique chance to acquire an established business. Located at 148 NW 167th St, 33169, this single-tenant property boasts 3,500 square feet, encompassing a fully equipped commercial kitchen with hood system, a bar area near the hotel lobby entrance, and ample space for dining. The restaurant benefits from a prime location within a busy hotel, ensuring high visibility and foot traffic. The area demonstrates excellent demographics, with nearby businesses, schools, and churches offering significant potential for increased revenue through targeted marketing and outreach. Further growth opportunities exist in delivery, catering, and corporate services. The asking price is $150,000 for key money, with a monthly rent of $12,770. Lease terms require first month's rent, last month's rent, and a two-month security deposit. The property's zoning is 6400, and its APN is 30-21-13-007-2630. This is a remarkable opportunity for an experienced restaurateur seeking a well-established, high-potential location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,239,430

  6.5%

  $23,297,936

  7%

  $21,633,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,378,932

  Geo Method

  $27,378,932

• Alternative Use

  Use

  Valuation

  Residential

  $25,434,576

  Hospitality

  $23,297,936

  Educational

  $19,383,608

  Medical

  $20,050,240

  Retail

  $30,152,280

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.9274

Longitude

-80.2029

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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