7601 Treasure DrNorth Bay Village, FL 33141

Property Details for 7601 Treasure Dr

Year built

1987

Property size (Sq ft)

1,135 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Retail properties

Property subtype

Retail space

APN

23-3209-041-6060

APU

2332090416060

Description

This exceptional turn-key restaurant and bar opportunity in North Bay Village, Florida, presents a compelling investment prospect. Located at 7601 E Treasure Dr, this established business, operating since 1993 as the "BAY MINI MARKET," boasts a substantial 2,676 square foot space spread across five stories. The property includes all necessary licenses and permits, along with existing inventory, ensuring a smooth transition for the new owner. Its strategic location offers significant advantages, situated just 1.8 miles from Miami Beach (Collins Ave, 71st Street), and within a 20-minute drive of Miami International Airport and the I-95 freeway. The surrounding area features numerous apartment buildings and various services, contributing to a strong customer base. The business also holds a wine and beer license and benefits from a 24-hour security unit (CU-18). The asking price is $650,000. While financial and tax information requires further verification, this property offers a rare chance to acquire a profitable, established business in a prime location. Detailed financial information is available upon request. The building was constructed in 1987.

• CAP approach

  CAP return

  Valuation

  6%

  $1,082,462

  6.5%

  $999,195

  7%

  $927,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,095,056

  Geo Method

  $1,095,056

• Alternative Use

  Use

  Valuation

  Residential

  $842,859

  Hospitality

  $772,054

  Educational

  $642,340

  Medical

  $664,431

  Retail

  $999,195

Location Insight

City

North Bay Village

County

Miami-dade

State

Florida

Latitude

25.8477

Longitude

-80.1457

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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