323 23rd St - Bar FOR SALE


Miami Beach, FL 33139- City Center
$20,000,000 USD
305-206-4551
323 23rd St, Miami Beach, FL for Sale
$20,000,000 USD
Bar - FOR SALE
1/33
null | Request Cap Rate

323 23rd St
Miami Beach, FL 33139
City Center


HIGHLIGHTS

  • completely renovated and fully remodeled
  • designer upgrade
  • outdoor space
  • heavy foot traffic
  • prime location
  • 4COP liquor license for alcohol sales until 5 am, INCLUDES GREASETRAP

OVERVIEW

Exceptional Opportunity in Elite Miami Beach Area: ideal for a luxury restaurant, nightclub, or members-only concept. Situated near The Setai, The Faena, and The 1 Hotel, this waterfront property spans 4,322 sf on an 8,890 af lot, featuring spacious indoor + huge outdoor areas w/electrical awnings. 5COP liquor license for alcohol sales until 5 AM & CD-3/Commercial zoning, the property offers redevelopment potential. Fully renovated, it includes new plumbing, electrical systems, appliances, and marble bar tops. The venue boasts porcelain floors + Mutina tiles throughout, w/ all baseboards resurfaced & enhanced w/ LED lighting, advanced LED lighting system & a brand new speaker system throughout. Other highlights include an electrical room, a secret room, & a new roof. Property Listing Highlights ***Location Prime location near notable establishments: The Setai, The Faena, and The 1 Hotel. Waterfront property with stunning views. ****Size Total area of 4,322 square feet on an 8,890 square foot lot. Spacious indoor areas complemented by expansive outdoor spaces with electrical awnings. ****Licensing & Zoning 5COP liquor license allowing alcohol sales until 5 AM. CD-3 Commercial zoning, providing excellent redevelopment potential. ***Renovations Fully renovated property with modern upgrades. New plumbing throughout, including drainage systems. Updated power installation with a brand new service panel. New dishwasher and walk-in cooler installed. Planned installation of a gas line. Interior Features Elegant porcelain floors and high-quality Mutina tiles throughout. Resurfaced baseboards enhanced with LED lighting. Luxurious marble countertops for tables. Advanced LED lighting system for dynamic table illumination. Sound System Brand new Danley sound system installed throughout the venue for superior audio quality. Exterior sound system by Void, designed for optimal outdoor acoustics. ***Outdoor Features Inviting outdoor terrace ideal for additional dining or event space. ****Additional Highlights Includes a dedicated electrical room. Features a secret room for exclusive experiences. Recently installed new roof. ***Construction Status Currently in the pre-construction phase. Completion expected by July 2025. Delivered ready for the buyer to implement their concept.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$4,627 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CD-3

APN/PARCEL ID

02-3226-001-0540

ASK ABOUT THIS PROPERTY

Mina TaskiranOne Sotheby's InternationalMore Info
305-206-4551

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Mina TaskiranOne Sotheby's InternationalMore Info
305-206-4551

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