1111 SW 1, Miami, FL 33130
1111 SW 1, Miami, FL 33130
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$ 625,000
Est. payment | /mo

1,965 SqFt


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$ 625,000
Est. payment | /mo
Save

1,965 SqFt

Key Details

Property Type Other Types

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.

Location

State FL

County Miami-dade

Area 2410

Interior

Interior Features InteriorFeatures

Fireplace No

Building

Lot Description Central Business District

Others

Acceptable Financing Cash

Listing Terms Cash

BeachesMLS, Inc. (FLR) IDX
Listed by Ricardo Du Pond Fortune Christie's Intl R.E.

Nearby Locations

Vinesha Clark

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1111 SW 1