Gateway to the Keys
Rare opportunity to develop, convert, expand or keep existing commercial space with over 10,000 square feet and three separate buildings.
The main building and original restaurant features a large banquet hall, gallery room that seats more than 50, full bar, private wine gallery and patio making this the perfect choice for special events or plenty of dining space. A second restaurant space was recently home to a pub with a private entrance and built-in stage. The smaller building could easily transition to a casual eatery with drive through window. Each space has large, fully functional kitchens with ample cold and dry storage and much more. Can easily be converted to three separate businesses.
Located in an up and coming area of Homestead, Florida, the expansive property sits on busy Krome Avenue, just minutes from Miami,Highway 1 and the Turnpike, The gateway to the Keys. Plans for expansion will take Krome Avenue from two to four lanes, offering greater access and increased traffic. Already frequented by local residents and professionals, this area is currently undergoing a development boom making this the ideal time for commercial investments in this area.
Asking Price: $3,499,999
Cap Rate: 6.91%
Building SQFT: 10,048