1713 Flagler StMiami, FL 33135

Property Details for 1713 Flagler St

Year built

1977

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,836 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Outlet malls

APN

01-4103-012-0340

APU

141030120340

Description

This thriving Venezuelan cafeteria/restaurant, located at 1713 W Flagler St in Miami, Florida (33135), presents a unique investment opportunity. Established in 1977, this well-known eatery boasts a strong reputation within the vibrant Little Havana community. The asking price is $120,000. Situated in the heart of Little Havana, this business benefits from a large and growing customer base, with over 100,000 people in the immediate area. The property includes both indoor and outdoor seating areas, catering to a diverse clientele. The restaurant is fully equipped with essential commercial kitchen features, including a grease trap, hood system, and fryers, making it ideal for continued operation and expansion. Its convenient location on W Flagler Street, near numerous residential developments, ensures high visibility and accessibility. The business is well-positioned to capitalize on the increasing demand for delivery services, offering significant growth potential. This turnkey operation represents a compelling investment in a bustling and culturally rich neighborhood. The property is classified as retail, with a subtype of restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,330,202

  6.5%

  $2,150,956

  7%

  $1,997,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,771,386

  Geo Method

  $1,771,386

• Alternative Use

  Use

  Valuation

  Residential

  $1,814,412

  Hospitality

  $1,661,992

  Educational

  $1,382,758

  Medical

  $1,430,313

  Retail

  $2,150,956

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.773

Longitude

-80.2235

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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