13980 232nd St - Banquet Facility 8,000 SF Specialty Building Offered at $3,489,165 CAD at a 13.89% Cap Rate in Miami, FL 33170

This investment opportunity offers the chance to purchase a well-established event venue in Miami, Florida, a leading destination for weddings and events in the U.S. The venue is listed at $2,550,000, and a net income of $354,313.19. The cap rate is 13.89%, making it a profitable turn-key business. Additionally, down payments for contracts extending through 2026 will be reimbursed at closing or deducted from the final price, reducing the asking price to $2,550,000.
The property covers 4.7 acres and includes a ceremony area for up to 200 guests, a farm-style cocktail area with bar , and a 6,100 sq Ft, barn-style reception hall with a 25-ton air conditioning system, professional lighting, JBL / EV sound system, and Light DJ Effect. It also features a fully equipped kitchen, Bride and Groom Suite, ample storage, and maintenance areas. Additional amenities include parking for 200 guests and 40 private spaces, and a 1,802 Sq Ft 3 Bed / 2 Bath home for owner occupancy, on-site management, or rental income for $3,500/month. The business operates on a low-cost, high-margin model with minimal staffing—only two part-time employees (a secretary and a maintenance worker). Events are scheduled in 5-hour blocks, reducing the need for permanent staff. Legally binding contracts ensure future revenue through 2026.
The sale of the event venue includes absolutely everything needed to host events—just bring the food you plan to cook that day. The property comes fully equipped with all necessary utensils, equipment, and supplies to accommodate events of over 150 guests.
This property is equipped for hosting events, including weddings, quinceañeras, and corporate events, and is currently operating and has several contracts in place. Although the final permits have not yet been issued, the seller has initiated the preliminary procedures with Miami-Dade County on January 2026 to fully legalize the structure and the use of the property as an event venue.
Miami's event industry is strong with steady demand for venues, providing long-term stability for this business. The venue's reputation and location make it a popular choice for events. There is also potential for U.S. investor visas, offering a path to residency for qualifying buyers. Financing options are available and can be negotiated with the seller.
For more information or to arrange a private showing,(English/Spanish).
Please, the best way to contact me is by text message at 305-303-0915. Edgard