Bakery / Restaurant For Sale On Dixie HWY, Miami, FL 33157 — MLS photo

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Bakery / Restaurant For Sale On Dixie HWY, Miami, FL 33157

Active · BusinessOpportunity

$499,000

Bakery / Restaurant For Sale On Dixie HWY, Miami, FL 33157

Beds
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Baths
0
Living area
— sq ft
$ / sq ft
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Year built
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Lot size
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HOA fee
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Annual tax
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About this property

This is a fantastic opportunity for anyone looking to start or expand a bakery, café, or restaurant in a prime location. Located on US1 in Palmetto Bay, this fully equipped restaurant sits in a free-standing building with ample on-site parking for both customers and staff. The 2,367 sq. ft. space offers indoor and outdoor seating and includes refrigerated/heated display cases, coffee station, gas stove, fryers, convection oven, exhaust hood, updated grease trap, and walk-in cooler/freezers. A reasonably priced long-term lease is in place. You can launch your own concept or continue with the existing franchise (fees may apply). With high visibility, steady traffic, and turnkey setup, this is a rare chance to own and operate a restaurant in one of South Miami’s most desirable areas.

Property location

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Bakery / Restaurant For Sale On Dixie HWY, Miami, FL 33157

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
BusinessOpportunity

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11848463
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$976

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$2,366/mo
Down payment
$124,750
Loan amount
$374,250
Annual NOI
$16,672

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.