405 15th Street

Estimated monthly payment

$1,414 /mo

Principal and interest only, based on $53,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Listing Snapshot

Price

$269,000

Days on Site

181 Days

Bedrooms

0

Total Baths

0

Property Type

Commercial

MLS #

A11994384

County

Miami Dade

Status

Active

About This Property

Prime Miami Beach restaurant opportunity located in a high-traffic corridor just steps from Washington Ave. This well-established Mediterranean/Turkish concept offers strong visibility, consistent foot traffic, and a turnkey operation ideal for an owner-operator or experienced investor.The business features approximately 30 seats (15 indoor and 15 outdoor) within an efficiently designed layout, making it highly manageable while maximizing revenue potential. The space is fully built out with a commercial kitchen, hood system, grease trap, refrigeration, and all essential equipment in place, allowing for immediate operation with minimal additional investment.Strong reported gross sales averaging approximately $60,000+ per month, with financials available for qualified buyers upon request.Positioned in one of Miami Beach’s most active dining and dining corridors, the location benefits from constant pedestrian flow and surrounding national and local brands. The versatile setup supports continued operation of the existing concept or a seamless transition to a new food and beverage concept, subject to landlord approval.Long-term lease structure provides stability and future upside, making this an attractive opportunity for both hands-on operators and strategic buyers looking to enter or expand within the Miami Beach market. Business is currently operating with strong and consistent performance in a prime Miami Beach location, generating reported gross sales of approximately $60,000+ per month and an estimated net profit in the range of $15,000–$20,000 monthly (owner-reported).The sale includes all furniture, fixtures, and equipment (FF&E), offering a fully built-out, turnkey operation. The space is equipped with a commercial kitchen, hood system, grease trap, refrigeration, and all necessary infrastructure for immediate continuation of operations.The premises consist of approximately 1,300 SF with a total seating capacity of 30 (15 indoor and 15 outdoor). The layout is efficient and well-suited for both dine-in and takeout service.Current lease structure includes a favorable long-term lease with a 5+5 year term (2024–2029 initial term with renewal options), and an annual base rent of approximately $75,000. Lease terms, assignment conditions, and landlord approval requirements will apply.The business has an established presence of over 10 years in the market and benefits from a high-traffic location surrounded by national and local brands. While currently operating without a liquor license, the space and zoning may allow for obtaining a beer, wine, or full liquor license, subject to approval.This is a rare opportunity for an owner-operator or investor to acquire a stabilized, income-producing restaurant with the flexibility to continue the current concept or reposition under a new brand.

General Features

Property Type

Commercial

Status

Active

Structure Type

Retail

Zoning

Commercial

Community & HOA

MLS Area

2320