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$99,000 -$30,000 (-23.26%) Price Reduced

  • For Sale
  • Active
  • Business
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Excellent opportunity to acquire a fully equipped 39-seat restaurant in the heart of Downtown Miami, inside a historic hotel building. Steps from Miami Dade College, it benefits from strong pedestrian traffic and a steady flow of students, faculty, and visitors. The area is growing, with ~500 new residential units and office spaces nearby, boosting daily foot traffic. Turnkey and ready for operation, it features new appliances, a grease trap, and a well-maintained kitchen. A new lease provides stability and flexibility. Ideal for owner-operators, chefs, or investors, including E-2 visa applicants.

Full Property Details for 228 NE 1st Ave

General

  • Price: $99,000
  • Status: Active
  • Type: Business
  • Source: Regional
  • MLS ID: F10556560
  • Updated: 4/14/2026
  • Added to Site: 45 day(s) ago

Business

  • Business Type: Commercial

Parking

  • Total Spaces: 50
  • Parking Features: Common

Location

  • County: Miami-Dade
  • Driving Directions: GPS

Community

  • Community Name: 2110

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Structural Information

  • Year Built: 1926

Lot Features

  • Lot Features: City Lot, Residential Lot
  • Zoning: T-680-O

Financial Considerations

  • Terms: Cash

Listed by LoKation

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— 228 NE 1st Ave —

  • LoKation

  • LoKation

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 228 NE 1st Ave

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.8 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.2 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 228 NE 1st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Price Reduced
$99,000
-23.26%
MLS
3/24/2026
Price Reduced
$129,000
-13.42%
MLS
3/19/2026
Price Reduced
$149,000
-17.22%
MLS
3/06/2026
Listed
$180,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 228 NE 1st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$93,897
16%
$5,500,000
16%
2024
$81,163
5%
$4,760,000
1%
2023
$77,588
17%
$4,700,000
31%
2021
$66,418
-4%
$3,600,000
-9%
2022
$68,880
3%
$3,965,000
-6%
2021
$67,189
10%
$4,200,000
78%
2019
$61,030
8%
$2,357,946
10%
2018
$56,381
4%
$2,143,588
-42%
2017
$54,443
3%
$3,700,000
109%
2016
$52,882
9%
$1,771,561
10%
2015
$48,663
30%
$1,610,510
10%
2014
$37,315
11%
$1,464,100
10%
2013
$33,675
—
$1,331,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 228 NE 1st Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by LoKation

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228 NE 1st Avenue, Miami, FL 33132 (MLS# F10556560) is a Business property. 228 NE 1st Avenue is currently listed for $99,000 and was received on March 06, 2026. Want to learn more about 228 NE 1st Avenue? Do you have questions about finding other Business real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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