901 Alton RdMiami Beach, FL 33139

Property Details for 901 Alton Rd

Year built

1994

Construction

CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

7,366 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

02-4203-014-0500

APU

242030140500

Description

This exceptional turnkey restaurant opportunity is located at 901 Alton Road in the heart of Miami Beach, Florida (33139). Built in 1994, this retail space offers a fully equipped and sizeable kitchen featuring multiple prep areas and a walk-in refrigerator. The restaurant is currently operational, serving breakfast, lunch, and dinner, and boasts a beer and wine license, along with all necessary city permits. A significant advantage is the recently renewed grease trap license (2024). The current setup includes both counter and table service, catering to a diverse clientele. The property benefits from ample parking within the shopping center and convenient street parking, situated in a high-traffic area with substantial pedestrian flow from neighboring businesses. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $380,000. The lease offers attractive terms, featuring low rent for the area and favorable renewal options. This presents a rare chance to acquire an established concept or easily transition to a new brand. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $9,348,732

  6.5%

  $8,629,599

  7%

  $8,013,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,106,770

  Geo Method

  $7,106,770

• Alternative Use

  Use

  Valuation

  Residential

  $7,279,390

  Hospitality

  $6,667,882

  Educational

  $5,547,599

  Medical

  $5,738,390

  Retail

  $8,629,599

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7796

Longitude

-80.1405

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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