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$ 625,000
Est. payment /mo
New
1111 SW 1 Miami, FL 33130
1,965 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,965 sqft
Price per Sqft $318
MLS Listing ID A12041275
HOA Y/N No
Property Description
Opportunity to purchase a successful restaurant in the heart of Brickell, one of Miami's most desirable submarkets.
This offering includes the existing tenant's leasehold interest, together with the furniture, fixtures, and equipment currently in place, allowing for a much easier transition compared to building a restaurant from scratch. The space is fully built out as a restaurant with hood and grease trap.
This is an ideal opportunity for an experienced restaurant operator, hospitality group, or brand looking to enter Brickell without the long delays and high costs typically associated with building a new restaurant from the ground up.
The restaurant has history of strong performance, with gross sales exceeding $2 million year after year. The business name and trademark are not included in the sale, giving a new operator the flexibility to introduce a new concept, launch a new brand, or expand an existing restaurant chain.
The restaurant is located on the ground floor of a high-rise multifamily building and is surrounded by residential towers, hotels, office buildings, and strong pedestrian activity. The site is within a few blocks of Mary Brickell Village, Brickell City Centre, and South Miami Avenue, placing it in the center of one of Miami's most active dining and lifestyle districts.
Seller is seeking $625,000 as key money for the lease assignment. The existing lease has approximately five years remaining, plus one additional five-year renewal option.
This offering includes the existing tenant's leasehold interest, together with the furniture, fixtures, and equipment currently in place, allowing for a much easier transition compared to building a restaurant from scratch. The space is fully built out as a restaurant with hood and grease trap.
This is an ideal opportunity for an experienced restaurant operator, hospitality group, or brand looking to enter Brickell without the long delays and high costs typically associated with building a new restaurant from the ground up.
The restaurant has history of strong performance, with gross sales exceeding $2 million year after year. The business name and trademark are not included in the sale, giving a new operator the flexibility to introduce a new concept, launch a new brand, or expand an existing restaurant chain.
The restaurant is located on the ground floor of a high-rise multifamily building and is surrounded by residential towers, hotels, office buildings, and strong pedestrian activity. The site is within a few blocks of Mary Brickell Village, Brickell City Centre, and South Miami Avenue, placing it in the center of one of Miami's most active dining and lifestyle districts.
Seller is seeking $625,000 as key money for the lease assignment. The existing lease has approximately five years remaining, plus one additional five-year renewal option.
Location
State FL
County Miami-dade
Area 42
Exterior
Private Pool Yes
Others
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Listed by Fortune Christie's Intl R.E.
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