This property is Off-Market
3120 COMMODORE PLAZA
Coconut Grove, FL 33133 ·
5,400 SF · Retail For Sale
|Building Size||5,400 SF||Occupancy||100%|
|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|
|Listing ID: 17690977||Date Created: 06/05/2012||Last Updated: 07/26/2012|
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 .
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