1360 NW 88th Ave - Bar FOR SALE


Doral, FL 33172
$17,500,000 USD
305-262-0246
1360 NW 88th Ave, Doral, FL for Sale
$17,500,000 USD
Bar - FOR SALE
1/27
null | Request Cap Rate

NEW


1360 NW 88th Ave
Doral, FL 33172


HIGHLIGHTS

  • Wilshire Advisory Group presents a rare opportunity to acquire a fully built-out, high-capacity indoor entertainment venue in the heart of Doral
  • Unique property with huge potential opportunities for an owner user interested in operating a premiere padel and pickleball facility in Miami
  • All operating and alcohol licenses included in the sale of the establishment.
  • Offices and conference facilities ideal to also promote events.
  • Great dedicated parking, in addition to generous street parking.
  • All equipment and condition of facilities in exceptional shape.

OVERVIEW

Wilshire Advisory Group presents a rare opportunity to acquire a fully built-out, high-capacity indoor entertainment venue in the heart of Doral + an ongoing bar/sports venue business. The property features 31,460 SF of improvements on a 52,810 SF lot, delivered with a full suite of licenses and permits for immediate operation. Originally completed in 2017, the asset is ideal for owner-operators or investors seeking to capitalize on the growing demand for experiential and recreational destinations in South Florida. The Real Estate and Licensing Package is offered at $13,500,000 and must be sold together with the additional Operating Licenses & Asset Package, priced at $4,000,000, which includes the facility’s full operational infrastructure, all liquor & federal licenses, and premium sports installations in the middle of urban Miami. Please find complete description in attachments to this listing. These are the two components of the offering (both must be purchased): Component 1 - Real Estate + Licensing Package (see Licenses below) - Asking Price: $13,500,000 Includes all entitlements and infrastructure to operate a multi-use, high-traffic venue: • Live Entertainment License • Nightclub License • Restaurant License • Fitness Use License • Fats, Oils & Grease (FOG) Discharge Permit • Certificate of Occupancy Issued: 2017 Component 2 - Federal Liquor and Federal Hotel and Restaurant Licenses & Asset Package (Asking Price: $4,000,000) The turnkey operation includes premium infrastructure, sports installations, and federal licensing: • Fully Equipped Bar & Commercial Kitchen • 100 Tons of HVAC (4 x 25-ton units) • 5 Indoor Padel Courts • 3 Indoor Pickleball Courts • Panoramic LED Video Display System • Professional Sound System • Integrated Security System • Commercial Grease Trap • Federal Liquor License • Federal Hotel & Restaurant License

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$515 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

IU-1

APN/PARCEL ID

35-3033-001-0070

ASK ABOUT THIS PROPERTY

Gonzalo RiojaWilshire Advisory GroupMore Info
305-262-0246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gonzalo RiojaWilshire Advisory GroupMore Info
305-262-0246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.