15400 Biscayne BlvdAventura, FL 33160

Property Details for 15400 Biscayne Blvd

Year built

2005

Construction

CONCRETE

Lot size

1.45 AC

Property size (Sq ft)

25,263 SF

Zone code

LIBERAL BUSINESS EXTENSIV

Property type

Retail properties

Property subtype

Outlet malls

APN

06-2221-007-0060

APU

622210070060

Description

This thriving restaurant and bar, located at 15400 NE Biscayne Blvd in Aventura, Florida (zip code 33160), presents a unique investment opportunity. Boasting over a decade of successful operation, this well-established business is ideally situated on Biscayne Boulevard, offering excellent visibility and accessibility. The property benefits from a central location between Sunny Isles, Aventura, North Miami, and Eastern Shores, ensuring a diverse and substantial customer base. The sale includes the business name, inventory, a valuable 4 COP quota liquor license, and the existing lease agreement. The restaurant features a fully equipped commercial kitchen, complete with walk-in cooler and freezer, ensuring efficient operations. Ample seating is available both indoors, outdoors, and at the bar, catering to a variety of customer preferences. This turnkey operation is priced at $740,000 and offers favorable lease terms. Recognized as the "Best Mexican Restaurant 2023" by Miami New Times, this business is poised for continued success and offers a strong return on investment. The property is classified as retail, with subtypes of restaurant and bar. This is a rare opportunity to acquire a profitable, established business in a prime Aventura location.

• CAP approach

  CAP return

  Valuation

  6%

  $19,745,814

  6.5%

  $18,226,906

  7%

  $16,924,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,373,924

  Geo Method

  $24,373,924

• Alternative Use

  Use

  Valuation

  Residential

  $15,375,077

  Hospitality

  $14,083,488

  Educational

  $11,717,297

  Medical

  $12,120,273

  Retail

  $18,226,906

Location Insight

City

Aventura

County

Miami-dade

State

Florida

Latitude

25.9171

Longitude

-80.1567

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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