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228 NE 1st Avenue, Miami FL 33132

Commercial For Sale
$99,000

BTC: 1.54687500

ETH: 58.54523950

-$81K (2026/05/19)
99 days
0 room(s)

Overview

Excellent opportunity to acquire a fully equipped 39-seat restaurant in the heart of Downtown Miami, inside a historic hotel building. Steps from Miami Dade College, it benefits from strong pedestrian traffic and a steady flow of students, faculty, and visitors. The area is growing, with ~500 new residential units and office spaces nearby, boosting daily foot traffic. Turnkey and ready for operation, it features new appliances, a grease trap, and a well-maintained kitchen. A new lease provides stability and flexibility. Ideal for owner-operators, chefs, or investors, including E-2 visa applicants.

Location

Details

Type:
Business Opportunity
Parking:
Common
Year Built:
1926
Lot:
No Data
Heating:
No Data
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,750,000
$519K – $5.2M
Confidence Low
List vs. estimate
$1.7M below estimate
List $99,000 · -94.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
73 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $535K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Parking
50 spaces
All facts and features
  • Cooling

    • Central Individual A/C

  • Parking

    • Common

    Other Property Information

    • Zoning: T-680-O

  • Type and style

    • Property Type: Business Opportunity

  • Source details

    • MLS ID: F10556560

    Other facts

    • Lot Features: City Location / In Residential Area

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LoKation