This Retail Property is Off-Market.

3120 COMMODORE PLAZA
Coconut Grove, FL 33133 ·

5,400 SF · Retail For Sale

N/A

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CHICAGO'S

Price N/A Cap Rate 8.75%
Building Size 5,400 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Restaurant Lot Size 4,325 SF
Property Use Type Net Lease Investment with 7 years left on lease APN / Parcel ID 01-4121-047-0120
Commission Split 3%
Listing ID: 17690977 Date Created: 06/05/2012 Last Updated: 07/26/2012

Description

COCONUT GROVE'S best 200 seat RESTAURANT with high foot traffic on COMMODORE PLAZA. Previously Chicago's Restaurant, but just leased to an experienced restauranteur for 7 years at $120,000/year net, a cap rate of 8.57. All FF&E and huge kitchen in good working condition. The 5,400+/- sf interior includes main floor and upstairs bar and dining plus a complete 2ND FLOOR APARTMENT/OFFICE with bathroom and kitchen. The lot is 4,325 SF. The timing is perfect to acquire this great location with a strong cap rate with the market in upswing.

Mid block on Commodore Plaza on Coconut Grove's restaurant row .

Research

3120 COMMODORE PLAZA, Coconut Grove, FL 33133 (Miami-Dade County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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