Miami Beach, Florida, is a prime location for investing in restaurants, with its unique blend of natural beauty, rich cultural heritage, and strong tourism industry. Restaurants in Miami Beach offer a diverse range of investment opportunities, from fine dining establishments to casual eateries, catering to the city's 82,890 residents and millions of annual visitors. The city's iconic Art Deco architecture, beautiful beaches, and lively nightlife create an attractive environment for restaurants to thrive. Miami Beach's infrastructure, including its public transportation system and bike-sharing program, Decobike, makes it easy for customers to access restaurants throughout the city. Additionally, the city's proximity to major institutions like the Bass Museum, Holocaust Memorial, and the Wolfsonian-FIU Museum, as well as its renowned hotels like the Fontainebleau Hotel and The Setai Hotel, provides a steady stream of potential customers. With its tropical monsoon climate and stunning ocean views, Miami Beach is an ideal location for restaurants to capitalize on the city's strong tourism industry.
Miami Beach's restaurant scene is characterized by its diversity and creativity, with a range of cuisines and dining experiences available. The city's restaurants are situated in various neighborhoods, including South Beach, Mid-Beach, and North Beach, each with its unique character and charm. In addition to restaurants, Miami Beach also offers a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's apartment buildings, such as those found in the Art Deco District, offer a unique blend of historic charm and modern amenities. Shopping centers like Lincoln Road Mall provide a hub for retail and dining activity, while specialty properties like the Miami Beach Botanical Garden offer a tranquil oasis in the heart of the city. Hotels like the Fontainebleau Hotel and The Setai Hotel are renowned for their luxury amenities and stunning ocean views. With its diverse range of commercial properties, Miami Beach offers a wealth of investment opportunities for those looking to capitalize on the city's strong tourism industry.
What is the average cost per square foot for a restaurant in Miami Beach?
The average cost per square foot for a restaurant in Miami Beach is $930 USD per square foot, with an average size of 9,463 square feet and a largest size of 20,630 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Miami Beach?
When evaluating the value of a restaurant for sale in Miami Beach, several key factors come into play, including:
- Location, with proximity to popular tourist attractions, beaches, and amenities like Mount Sinai Medical Center, Lummus Park, and the Miami Beach Golf Club, which can impact foot traffic and customer demand;
- The size and layout of the restaurant, with an average size of 9,463 square feet and a maximum size of 20,630 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 5.78% and average price per square foot of $930 USD, which can influence the restaurant's profitability and resale value.
