$450,000

1228 Collins Ave, Miami Beach, FL 33139

Year built
1931
On market
1 days on market
MLS #
A12107199

Established Mediterranean seafood restaurant on Collins Ave in the heart of South Beach, steps from the ocean in the Art Deco District. Approx. 1,800 SF, 66 seats plus terrace, 2COP beer & wine license, renovated in 2025. Gross sales approx. $1.8M (2024) and $1.4M (2025, with a 6-week renovation closure). Long lease: 7 years remaining plus a 10-year option, $14,500 NNN with 4% annual increases. 9 trained employees willing to stay. Price includes furniture, recipes, website and social media. 2-month training and seller financing up to 30%. Can be acquired together with a second restaurant (Casa Mexicana, 4COP) for $800,000 combined.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Position in the area’s price distributionThe asking price is $450,000; the median of recorded sales in the area is $590,000 (2,276 sales). On raw price that is 24% below the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$135,000
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 8, 2026.

Estimated monthly payment$2,181
Loan amount
$315,000
Total interest over the term
$470,159
Total repaid
$785,159

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

COSMORE Florida Corp.

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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