Interior
- Bathrooms
- 0
- Flooring
- Hardwood, Other, Tile, Wood
- Cooling
- Central Air
- Heating
- Central, Electric
Active · BusinessOpportunity
$400,000
$$$Michigan Avenue, Miami Beach, FL 33169
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- —
- Lot size
- —
- HOA fee
- —
- Annual tax
- $111,111,111
About this property
Exceptional Business Opportunity in South Beach. One of Miami's hottest location. Boasting a prime location on Lincoln road, this chic and fashionable bar and restaurant of 2.750sqft. Hospitably industry, with a seating capacity of 122, and the potential to create sidewalk terraces, this restaurant is a vision of possibilities .Two bars, and the ability to stay open until 5 am, making it a magnet for late-night revelers and nightlife crowd. Brand new posh nightclubs just steps a way promises t o bring even more foot traffic to your doorstep. Fully renovated kitchen and a great rating on Google. Its your chance to capitalize on this golden opportunity.
Property location
Get Directions$$$Michigan Avenue, Miami Beach, FL 33169
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Facts & features
Exterior & Structure
- Property type
- BusinessOpportunity
- Construction
- Other
Parking
- Covered spaces
- 0
- Parking features
- Common, Free Parking
HOA, Community & Financials
- Security
- Security System, Other, Smoke Detectors, Security Guard
- Annual tax
- $111,111,111
- County
- Miami-Dade
- Days on market
- 644
- MLS listing ID
- A11556734
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$9,259,409
- Cap rate
- -27772.5%
- Net yield
- -27772.5%
- Cash-on-cash return
- -99208.0%
- Gross yield
- 6.6%
- Mortgage payment
- $1,896/mo
- Down payment
- $100,000
- Loan amount
- $300,000
- Annual NOI
- -$111,090,151
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.