For Sale
$975,000

0 RiversideMiami, FL 33136

Established Italian restaurant, high sales, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This thriving Italian pizzeria in Miami's Riverside neighborhood presents a unique investment opportunity. The 2,400 square foot restaurant, including an outdoor patio, boasts a strong sales volume estimated between $2 million and $3 million annually. The current lease, a NNN agreement, has nine years remaining (2023-2033) with no extension options. Base rent is $27,500 per month, subject to a 4% annual increase, plus percentage rent (greater of base rent or 7% of in-house food and beverage sales and 3.5% of delivery sales). A $50,000 security deposit is required. The property is located at a high-traffic intersection (NW 14th ST and HWY 441), with approximately 50,000 vehicles passing daily, offering excellent connectivity to I95 and the Dolphin Expressway. The surrounding area has a dense population (over 340,000 within 3 miles, over 611,000 within 5 miles) and a high average household income ($55,900 within 5 miles, projected to reach $80,100 by 2028). The asking price is $975,000, representing an asset stock purchase of an LLC. The established brand and high accolades are included in the sale. The property is zoned for restaurant/cafe use, offering flexibility for future concepts. This is a turnkey operation in a prime Miami location with significant growth potential.

Property Details for 0 Riverside

Property type
Retail properties, Restaurants
Square Feet
2,400 SF

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7870967
Longitude
-80.2042436
Riverside, Miami, Florida

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0 Riverside
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