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1228 Collins Ave, Miami Beach FL 33139

Commercial For Sale
$450,000

BTC: 5.52520106

ETH: 185.03289474

New
0 room(s)

Overview

Established Mediterranean seafood restaurant on Collins Ave in the heart of South Beach, steps from the ocean in the Art Deco District. Approx. 1,800 SF, 66 seats plus terrace, 2COP beer & wine license, renovated in 2025. Gross sales approx. $1.8M (2024) and $1.4M (2025, with a 6-week renovation closure). Long lease: 7 years remaining plus a 10-year option, $14,500 NNN with 4% annual increases. 9 trained employees willing to stay. Price includes furniture, recipes, website and social media. 2-month training and seller financing up to 30%. Can be acquired together with a second restaurant (Casa Mexicana, 4COP) for $800,000 combined.

Location

Details

Type:
Business Opportunity
Parking:
No Data
Year Built:
1931
Lot:
No Data
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$3,350,000
$624K – $5.2M
Confidence Low
List vs. estimate
$2.9M below estimate
List $450,000 · -86.6%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $292K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Other Property Information

    • Parcel Number: 02-32-34-008-1050

    • Zoning: 6501

  • Type and style

    • Property Type: Business Opportunity

  • Source details

    • MLS ID: A12107199

Private inquiry
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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: COSMORE Florida Corp.