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511 SE 5th Avenue (Restaurant), Fort Lauderdale, FL 33301

$900,000

Virtual Tour

https://media.firephoto.biz/videos/0196afbb-f4bb-706e-acba-c5a0c3622f67

Property Type: Business Opportunity Status: Active

Current Price: $900,000 List Date: 5/13/2025 Last Modified: 5/04/2026

Overview

Description

Well-established and highly rated Mediterranean restaurant located in a prime high-traffic area, offering a turn-key operation with a loyal customer base, strong online presence, fully equipped kitchen, stylish indoor and outdoor dining areas, and excellent growth potential—ideal for an owner-operator or investor seeking a profitable opportunity in the heart of Florida’s vibrant dining scene. The beautifully remodeled space features seating for 240 guests, plenty of on-site parking, and a favorable lease in place through 2026 with two additional 5-year renewal options—providing long-term stability for continued success. Great opportunity!

Listing Details MLS# A11802055

General Property Information

Occupied Area: 8600
Year Built: 2024
Parking Total: 8

Property Features

Business Type: Commercial; Restaurant; Retail Column Span: 10-15' Documents Available: Aerial Photo(s) Electric: 0-100 Amp Service; 101-200 Amp Service Flooring: Carpet; Concrete; Tile Lease Term Remaining: 7-10 Years Parking Features: Assigned; Valet Possession: Negotiable Property Condition: New Construction Sale Includes: Business Special Licenses: Liquor; State License; Other Source Of Expenses: Owner Provided Structure Type: Office; Retail Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 2500000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 511
Street Direction Prefix: SE
Street Name: 5th
Street Suffix: Avenue
Unit Number: (Restaurant)
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33301
Postal Code +4: 2986
Area: 3800
Geographic Area: FTSE - Ft Lauderdale SE (3280-3282;3600;3800)
Parcel Number: 504210BF0010
Zoning: commercial
Flood Zone: AH,X
Directions: FROM SOUTH: TAKE I-95 EXIT 26 FOR FL-736/DAVIE BLVD. TURN RIGHT ONTO FL-736 E/DAVIE BLVD. TURN LEFT ONTO SE 3RD AVE. TURN RIGHT ONTO SE 6TH ST. TAKE THE 1ST LEFT ONTO SE 5TH AVE. DESTINATION WILL BE ON THE LEFT.
Property Description: Restaurant, retail.

Financial Information

Tax Annual Amount: 15353
Tax Legal Description: NURIVER LANDING COMM CONDO UNIT 101

Status Change Information

Major Change Timestamp: 2026-04-21T14:56:57Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-21T14:56:57Z
Status Change Date: 2025-05-27

More Information

Building and Property Details

% Air Conditioned: 2
Door Height: 12+'
Improvement Height: 2 Stories
Maximum Occupancy: 240

Business Details

Total Employees: 11
Year Established: 3
Years Current Owner: 3

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 1600000
Inc/Exp Statement Period: 2024
Insurance Expense: 6000

Section Details

Parcel Number MLX: 0010

Originating Details

Originating System Key: 411414894
Originating System ID: M00000151

Currently Not Used

Year Built: 2024

Office/Member Information

DXORIGMLSID: SEF

Electric

0-100 Amp Service: Yes
101-200 Amp Service: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes

Parking Features

Assigned: Yes
Valet: Yes

Property Condition

New Construction: Yes

Documents Available

Aerial Photo(s): Yes

Structure Type

Office: Yes
Retail: Yes

Possession

Negotiable: Yes

Business Type

Commercial: Yes
Restaurant: Yes
Retail: Yes

Column Span

10-15': Yes

Sale Includes

Business: Yes

Special Licenses

Liquor: Yes
State License: Yes
Other: Yes

Lease Term Remaining

7-10 Years: Yes

Source Of Expenses

Owner Provided: Yes

Showing Requirements

Call Listing Agent: Yes

Listing Office: The Keyes Company

Last Updated: May - 04 - 2026

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