$380,000
$499,000
23.8%For more information regarding the value of a property, please contact us for a free consultation.
1223 Lincoln Rd Miami Beach, FL 33139
15,178 SqFt
Key Details
Sold Price $380,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 15,178 sqft
Price per Sqft $25
MLS Listing ID A11465390
Sold Date 02/08/24
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,422
Tax Year 2022
Contingent No Contingencies
Property Description
Back on the Market, due to a non-compete. Directly on Lincoln Rd, one of the best locations in the heart of South Beach! With the most affordable rent for Lincoln Rd and with well over a million dollar in gross revenues, this restaurant is a gem! Absentee Owner is affecting the net profit. As with all small businesses, some direct management would surely improve the Gross to Net ratio. An incredible location with a pristine restaurant. Pizzette as an impeccable reputation and is always busy. Perfect for an investor/manager who wants a successful business already established, where he only has to run a professional administration.
VERY RARE OPPORTUNITY TO OWN A FULLY REMODELED AND WELL ESTABLISH SUCCESFUL RESTAURANT IN MIAMI BEACH
Location
State FL
County Miami-dade County
Area 32
Direction From Mac Arthur Causeway, left on Alton, left on Lincoln. Business is on your left.
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Building
Sewer Public Sewer
Water Public
Others
Tax ID 02-32-34-017-0150
Ownership Corporation
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Villejust Brokerage LLC