$550,000

1238 Collins Ave, Miami Beach, FL 33139

Year built
1924
On market
1 days on market
MLS #
A12107209

Turnkey Mexican restaurant for sale on Collins Avenue in the heart of South Beach's Art Deco District, steps from the beach. Casa Mexicana Miami occupies approx. 2,400 SF on the ground floor of the historic La Flora building, with 82 seats and a 4COP liquor license included. Brand-new restaurant (opened September 2026) with brand-new equipment. Long lease: 10 years plus a 10-year renewal option, with no rent increases for the first 2 years. Sale includes furniture, recipes, website and social media, plus a 2-month transition with the seller; current staff can stay. Seller financing available. Open daily for lunch and dinner.

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 $550,000; the median of recorded sales in the area is $590,000 (2,276 sales). On raw price that is 7% 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%$165,000
Term

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

Estimated monthly payment$2,666
Loan amount
$385,000
Total interest over the term
$574,638
Total repaid
$959,638

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.

See this property in person

Formu doldurun, uygun gezi saatlerini aynı gün içinde iletelim. Miami’de değilseniz canlı video tur da ayarlayabiliriz.

Hesabınız kontrol ediliyor…

This form is provided by GoHighLevel

To show the form we need to load a third-party service that uses cookies. With your consent the form opens immediately; you can also reach us on WhatsApp or by phone.

Privacy Policy

Similar listings nearby

Other records in the same area, at a comparable size and price.

CallWhatsApp