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1238 Collins Ave, Miami Beach FL 33139

Commercial For Sale
$550,000

BTC: 6.76007866

ETH: 226.15131579

New
0 room(s)

Overview

Turnkey Mexican restaurant for sale on Collins Avenue in the heart of South Beach's Art Deco District, steps from the beach. Casa Mexicana Miami occupies approx. 2,400 SF on the ground floor of the historic La Flora building, with 82 seats and a 4COP liquor license included. Brand-new restaurant (opened September 2026) with brand-new equipment. Long lease: 10 years plus a 10-year renewal option, with no rent increases for the first 2 years. Sale includes furniture, recipes, website and social media, plus a 2-month transition with the seller; current staff can stay. Seller financing available. Open daily for lunch and dinner.

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Details

Type:
Business Opportunity
Parking:
No Data
Year Built:
1924
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
$3,500,000
$1.2M – $5.5M
Confidence Low
List vs. estimate
$3.0M below estimate
List $550,000 · -84.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
11 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $297K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features

  • Other Property Information

    • Parcel Number: 02-32-34-008-1040

    • Zoning: 6501

  • Type and style

    • Property Type: Business Opportunity

  • Source details

    • MLS ID: A12107209

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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Market around this address

Live counts in the same area.
View all
This zip
33139
387
median $545K
Active
Same city
Miami Beach
1,036
median $649K
Active
Same type
Commercial
46
median $1.1M
Active
Similar price
$385K – $715K
280
median $535K
Active

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.