Listed by Prakas & Company, Prakas & Co
$1,500,000
758 Washington Ave
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,129
Retail | 2,129 SqFt
Marketing description
Seize the opportunity to own and operate a high-end bar, and lounge at the center of South Beach’s vibrant nightlife scene. This turnkey establishment is fully equipped with a state-of-the-art lighting and sound system, making it a magnet for night-time entertainment. Located amidst South Beach’s bustling array of high-grossing restaurants, bars, and nightclubs, this venue is ideally positioned to maximize profitability.
Investment highlights
- Current Operation: Bar / Lounge without a kitchen.
- Liquor License: Sale includes a full 4COP Dade County quota liquor license
- Lease Details: Secured long-term lease with an option for extension, featuring modest annual rent increases of 3%. This lease is very undervalued way below market rent for this location.
- Premises: Luxuriously built-out with premium fixtures, furniture, and equipment in top condition.
- Additional Information:
- Requires a deposit of $10,500, covering first lease and security.
- Lease transfer is subject to the lessor’s consent, which is expected to be granted without undue restrictions.
- Situated in a prime South Beach location, ensuring high foot traffic and visibility
Listing Contacts
Listed by Prakas & Company, Prakas & Co
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