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PinnacleTCRE

228 NE 1st Avenue, Miami, FL 33132 (MLS# F10556560)

228 NE 1st Avenue, Miami, FL 33132

$99,000
Property Type: Business Opportunity Status: Active
Current Price: $99,000 List Date: 3/06/2026 Last Modified: 4/23/2026

Overview

Description

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.

Listing Details MLS# F10556560

General Property Information

Occupied Area
2000
Year Built
1926
Parking Total
50
Ownership Type
Assets Only

Property Features

Business Type: Commercial Electric: 101-200 Amp Service; 110 Volts; 220 Volts; Three Phase Location of Property: City Location; In Residential Area Parking Features: Common Sale Includes: Business; Furniture; Leases; License; Machinery Source Of Expenses: Books; Owner Provided Cooling: Central Individual Listing Terms: Cash

Contract Information

Comp Sale YN
No
Original List Price
180000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
228
Street Direction Prefix
NE
Street Name
1st
Street Suffix
Avenue
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33132
Area
2110
Zoning
T-680-O
Directions
GPS
Subdivision Number
0

Status Change Information

Major Change Timestamp
2026-04-14T20:11:10Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-04-14T20:11:10Z
Status Change Date
2026-03-06

Business Details

Year Established
2025

More Information

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Gross Sales
200000
Inc/Exp Statement Period
2025
Insurance Expense
300

Price Calculations

Current Price To SqFt
90

Section Details

Parcel Number MLX
0000

Originating Details

Originating System Key
611164850
Originating System ID
M00000170

Currently Not Used

Year Built
1926

Office/Member Information

DXORIGMLSID
FLL

Electric

101-200 Amp Service
Yes
110 Volts
Yes
220 Volts
Yes
Three Phase
Yes

Loan Details

Assumable Chattel Balance
0

Parking Features

Common
Yes

Location of Property

City Location
Yes
In Residential Area
Yes

Business Type

Commercial
Yes

Sale Includes

Business
Yes
Furniture
Yes
Leases
Yes
License
Yes
Machinery
Yes

Listing Terms

Cash
Yes

Source Of Expenses

Books
Yes
Owner Provided
Yes

Cooling

Central Individual
Yes
IDX
Listing Office: LoKation
Last Updated: April - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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