1611 N Federal Hwy, Fort Lauderdale, FL 33305 - Photo 1

1/1

$60,000

Sold
Closed
Business

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Property Description

Discover an incredible opportunity to own a thriving and well-established Cuban restaurant nestled in the heart of Fort Lauderdale. This culinary gem has been serving the community since 2005, delighting patrons with the rich flavors and vibrant culture of Cuba. The restaurant has untapped growth potential, with opportunities to expand catering services, explore partnerships, and enhance marketing efforts. The owners are now offering this successful venture for sale, presenting an ideal chance for a passionate entrepreneur to step into a turnkey operation and continue its legacy of excellence. portion of the sale could be financed.

Full Property Details

Full Property Details for 1611 N Federal Hwy

General

Sold For: $60,000
Taxes: $23,121 (2022)
Status: Closed
Type: Business
Source: Greater_Miami
MLS ID: A11505909
Added to Site: 785 day(s) ago

Business

Name: 1611 N Federal Highway
Business Type: Restaurant, Bar/Tavern/Lounge
Year Established: 2006

Interior

Flooring: Ceramic Floor

Additional Information

Security/Safety: Smoke Alarm, Security System

Parking

Total Spaces: 30
Parking Features: Free Parking, Guest, No Boats, Shared Parking

Location

County: Broward County
Building Name: Cubano's
Driving Directions: From I95N take exit 29A to SR 838 Sunrise Blvd. Keep left onto N Federal Highway. Make a U-turn on NE 19th Street. The restaurant will be on the right.
Dist. to Freeway: 6

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Building A/C, Exhaust Fan
Heating Type: Central Building A/C, Exhaust Fan

Utilities

Electric Available: Yes
Sewer: Public Sanitation
Water: Public

Structural Information

Structure Type: Free Standing
Detached/Attached: Detached
Construction: CBS Construction, Stucco
Roof: Other
Year Built: 1980
Other Struct. Feat.: Automobile Traffic, Restaurant

Lot Features

Frontage Feet: 75
Lot Features: City Location
Potential Use: Unknown/Withheld
Zoning: B-1

Financial Considerations

Insurance Fee: $7,000
Operating Expenses: $115,000
Tax Amount: $23,121
Tax Year: 2022
Terms: All Cash, Cash

Disclosures and Reports

Ownership: Corporation
Documents Avail.: Financial Statement, Copy Of Lease(S), Photos
Legal Description: LAUDER-GATE 26-48 B LOT 8 LESS THE W 55 OF S 11.6 BLK 6
Inclusions: Inventory, Leases, License, Business Only
Property ID: 494236130720

Listed by MQ Realty Group
Sold by MQ Realty Group

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Listing agents

— 1611 N Federal Hwy —

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Schools

Schools serving 1611 N Federal Hwy

School District:Broward County School District

Name	Grades	Distance
Bennett Elementary School 1755 Northeast 14th Street, Fort Lauderdale, FL 33304	K-5	0.4 mi
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304	6-8	0.4 mi
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1611 N Federal Hwy

Date

Details

Price

Change

Source

11/04/2024

Sold

$60,000

-76%

MLS

7/25/2024

Price Reduced

$250,000

-28.57%

MLS

3/11/2024

Price Reduced

$350,000

-36.36%

MLS

1/30/2024

Price Reduced

$550,000

-21.43%

MLS

12/29/2023

Listed

$700,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Total Baths
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Beds
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Condo
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Updated 21 hours ago

2
Beds
2
Total Baths
1,800
Sq. Ft.

Listed by Lori El Sanadi

1611 N Federal Hwy, Fort Lauderdale, FL 33305 (MLS# A11505909) is a Business property that was sold at $60,000 on November 04, 2024. Want to learn more about 1611 N Federal Hwy? Do you have questions about finding other Business real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

1611 N Federal Hwy Fort Lauderdale, FL 33305