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$1,490,000
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Property 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!
Full Property Details
Full Property Details for 511 SE 5th Ave (Restaurant)
General
- Price: $1,490,000
- Taxes: $15,353
- Status: Active
- Type: Business
- Source: Greater_Miami
- MLS ID: A11802055
- Updated: 9/30/2025
- Added to Site: 283 day(s) ago
Business
- Business Type: Business, Restaurant
- Year Established: 3
Interior
- Flooring: Carpet, Concrete, Tile
Parking
- Total Spaces: 8
- Parking Features: Assigned, Valet
Location
- County: Broward County
- Building Name: NURIVER
- Driving 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.
Utilities
- Electric Available: Yes
Structural Information
- Structure Type: Commercial Condo, Commercial, Office/Retail
- Detached/Attached: Detached
- Year Built: 2023
- Property Condition: New Construction
Lot Features
- Zoning: commercial
Financial Considerations
- Insurance Fee: $6,000
- Tax Amount: $15,353
Disclosures and Reports
- Documents Avail.: Aerial Photo(S)
- Legal Description: NURIVER LANDING COMM CONDO UNIT 101
- Inclusions: Business Only
- Property ID: 504210BF0010
Listed by The Keyes Company
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Schools
Schools serving 511 SE 5th Ave (Restaurant)
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Croissant Park Elementary School 1800 Southwest 4th Avenue, Fort Lauderdale, FL 33315 | K-5 | 1.3 mi |
New River Middle School 3100 Riverland Road, Fort Lauderdale, FL 33312 | 6-8 | 3.5 mi |
Stranahan High School 1800 Southwest 5th Place, Fort Lauderdale, FL 33312 | 9-12 | 1.6 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 511 SE 5th Ave (Restaurant)
Date
Details
Price
Change
Source
9/30/2025
Price Reduced
$1,490,000
-0.67%
MLS
6/16/2025
Price Reduced
$1,500,000
-40%
MLS
5/13/2025
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 511 SE 5th Ave (Restaurant)
511 SE 5th Ave (Restaurant), Fort Lauderdale, FL 33301 (MLS# A11802055) is a Business property. 511 SE 5th Ave (Restaurant) is currently listed for $1,490,000 and was received on May 13, 2025. Want to learn more about 511 SE 5th Ave (Restaurant)? 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.

