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Presented by
Carol Cavalieri |
MIAMI BEACH PRIME LOCATION (next to Five Guys) Mediterranean street food restaurant For Sale - SPITFIRE, generating $50, 000/month in gross sales with $75k annual rent. This established business comes with a 5+5 year lease (2024–2029+) and an attractive asking price of $330, 000. for a total of indoor and outdoor space of 1, 300 sqft and 30 approved seats. Located in a high-traffic area on the corner of Washington Ave, Miami Beach, neighbors with FiveGuys Fast Food Restaurant & Taco-Rico Mexican Restaurant. It's fully equipped with a grease trap and hood, allowing easy transition to any food and beverage concept. The sale includes the existing LLC, complete with a valid restaurant business license, a seamless opportunity for an owner-operator or investor.
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Our Executive Mortgage Banker:
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$300,000
Sales Associate
William Raveis Real Estate
Phone: 860.209.6943
Carol.Cavalieri@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.304% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,382 | $1,458 | $1,945 |
| Total Monthly Payment | $1,457 | $1,533 | $2,020 |
* 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.