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1223..Lincoln Rd Miami Beach FL, 33139
Price: $499,000
County: Miami-Dade County
Year Built: 1925
Parking Spaces:
Ann. Property Tax: 3422
Sale Of: Business Only
Sale Includes: Equipment,Furniture/Fixtures,Leases,Trade Name
ID#: 1011465390
Listed Date: 2023-10-06 |
Property Description:
Number of Employees: 6
Number of Seats: 74
Status of Listing: Active
Tax Amount: $3,422
Year Established: 3
Gross Sales: $1,176,038
Income/Expense Period: 2022
NOI: $62,868
Parking Description: Common Parking,Other Parking,Street Parking
Road Frontage: City Road
| 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
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