Pinecrest, FL, 33156 | $198,000

Well known Cuban restaurant is available for sale in one of Miami-Dades most prestigious neighborhoods. The restaurant specializes in traditional Cuban pork dishes, from the cochinillo (suckling pig), to the crunchy ham croquettes that are handmade on the premises daily using homemade recipes. The menu includes such favorites as palomilla steak, arroz con frijoles (beans and rice), vaca frita de pollo (shredded chicken), pan con bistec, and luscious desserts including flan, guava cheesecake, and queso blanco con mermelada. The restaurant generates good cashflow and 2021 revenues closed at pre-pandemic levels. Ideal for an experienced restaurant entrepreneur seeking to acquire a restaurant with a great reputation in one of Miami-Dades highest per capita income neighborhoods.

Features

  • Garage: Common
  • Zoning: STORE : RETAIL OUTLE
  • MLS#: A11517965
  • Days on Market: 68 days
  • Website: https://www.raveis.com
    /prop/A11517965/_pinecrest_fl?source=qrflyer
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Listing courtesy of CAP Real Estate, LLC.   Phone: 305-901-1801

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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Pinecrest, FL, 33156

$198,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $158,400 $158,400 $158,400
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,081 $1,053 $1,336
Total Monthly Payment $1,156 $1,128 $1,411

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.