David Ramirez
$400,000$500,000

$$$Michigan Avenue, Miami Beach FL 33169, MIAMI BEACH, FL, 33169

Active872 days on marketListed Mar 25, 2024MLS #A11556734

About this property

The property at a glance

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.

0

Lot sq ft

Flood Zone

Zoning

Lot size0 sq ft
ZoningFlood Zone
Business typeBar/Lounge Only, Business, Bar/Tavern/Lounge
ParkingAdditional Spaces Available · Common · Free Parking
ConstructionOther
CoolingCentral Building A/C
HeatingCentral Electric · Central Building A/C
Annual taxes$111,111,111

The numbers

Investment snapshot

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

Estimated payment (illustrative)

Down payment25% · $100,000
Interest rate6.00%
Loan term

Estimated payment

$9,261,218/mo

Principal & interest$1,799
Property taxes (actual bill)$9,259,259
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.

Your team

The pros in your corner

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, offers, and every question about $$$Michigan Avenue — start here.

CallText
david.ramirez@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for $$$Michigan Avenue.

Get in touchCall
aacosta@prmg.net

See it in person

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Listing courtesy of Optimar International Realty · Ali Karan PLLC. MLS #A11556734.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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