Commercial Real Estate in Pinecrest available for sale
Pinecrest Drive Through Restaurants For Sale

Drive Through Restaurant for Sale within 10 kilometers of Pinecrest, FL, USA

More details for 1.26 Acres Development on Douglas Rd – for Sale

1.26 Acres Development on Douglas Rd

  • Drive Through Restaurant
  • Mixed Types for Sale
  • $22,240,000 CAD
  • 5 Properties | Mixed Types

Portfolio of properties for Sale - Coral Gables

Seller financing available! Right across the street from the soon to be renovated Douglas park. Extremely Rare two block assemblage at the edge of Coral Gables for sale. Located right in the medical district with Coral gables Hospital only two blocks away. 1.14 acres of sf T 6 8 0 zoned land and .12 acre T 3 0 lot. 172 units by right and bonus height and density available with workforce housing. Less than one mile ( about half a mile) from the Link at Douglas development which has a 37 story tower and two 39 story towers planned. Properties currently include a specialty medical center on the south block( owner occupied), a multifamily that produces $12,000 a month and three fully rented mixed use buildings that produce $18,000 a month on the north side. Total monthly income is $30,000. Seller would lease back the medical properties for a few years for additional income. Total projected income would be around $50,000 per month. 172 Units permitted by right, Additional height and density is feasible with workforce housing. The subject site is abutting T 3 0 zoned properties, which would limit height at the western boundary of the properties. T 6 8 0 is the most desirable mid rise zoning in City of Miami, allowing for apartments, retail,office. If the multifamily property which is zoned T 3 0 can be combined with the lot to the north and rezoned to t 6 8 0, Much more flexibility is possible on the site- including live local.

Contact:

Synergy Realty Advisors LLC

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

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Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease