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1223 Lincoln Rd, Miami Beach, FL – $265,000

  • $265k Price
  • 376 DOM
  • $265k Price
  • 376 DOM

1223 Lincoln Rd

Directly on Lincoln Rd, one of the best locations in the heart of South Beach! With the most affordable rent of Lincoln Rd and with well over a million dollars in gross revenues, this restaurant is a gem! Absentee Owner is affecting the net profit. As with all small businesses, some direct management would surely improve the Gross-to-Net ratio. Incredible location & restaurant. Pizzette has an impeccable reputation and is always busy. Perfect for an investor/manager who wants an established successful business, where he only has to run a professional administration. VERY RARE OPPORTUNITY TO OWN A FULLY REMODELED AND WELL ESTABLISHED SUCCESSFUL RESTAURANT IN MIAMI BEACH - Price is Firm! 8 year lease - 6 year before landlord resell option

Essential Information

  • MLS® #A11573975
  • Price$265,000
  • Bathrooms0.00
  • Year Built1925
  • TypeBusiness
  • Sub-TypeBusiness
  • StatusActive

Community Information

  • Address1223 Lincoln Rd
  • Area32
  • CityMiami Beach
  • CountyMiami-Dade
  • StateFL
  • Zip Code33139-2314

Amenities

  • ParkingCommon

Interior

  • InteriorCeramic Tile
  • HeatingCentral, Electric
  • CoolingCentral Air

Exterior

  • ConstructionFrame

Additional Information

  • Listing Courtesy ofVillejust Brokerage LLC
  • Date ListedApril 22nd, 2024
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Price Change History for 1223 Lincoln Rd, Miami Beach, FL (MLS® #A11573975)

Date Details Change
Price Reduced from $345,000 to $265,000 $80,000 (23.19%)
Price Reduced from $445,000 to $345,000 $100,000 (22.47%)
Price Increased from $330,000 to $445,000 $115,000 (34.85%)
Price Reduced from $399,000 to $330,000 $69,000 (17.29%)
Price Reduced from $445,000 to $399,000 $46,000 (10.34%)