13980 232nd St - Specialty FOR SALE


Miami, FL 33170
$2,950,000 USD
786-796-7055
13980 232nd St, Miami, FL for Sale
$2,950,000 USD
Specialty - FOR SALE
1/58
null | 12.01% Cap Rate

13980 232nd St
Miami, FL 33170


HIGHLIGHTS

  • Revenue-generating event hall in Miami Florida. 12.1 % CAPE RATE
  • Business, House and Land are included in the sale. 12.1 % CAPE RATE
  • Significant amount of bookings in place for 2025-2026.
  • Financing options are available and can be negotiated with the seller
  • Fantastic market for weddings, quinces, sweet sixteen, corporative events, and music concerts.
  • Property boast a net operating income of $354,313.19.

OVERVIEW

This investment opportunity offers the chance to purchase a well-established event venue in Miami, Florida, a leading destination for weddings and events in the U.S. The venue is listed at $2,950,000, and a net income of $354,313.19. The cap rate is 12.01%, making it a profitable turnkey business. Additionally, down payments for contracts extending through 2025-2026 will be reimbursed at closing or deducted from the final price, reducing the asking price to $2,950,000. The property covers 4.7 acres and includes a ceremony area for up to 200 guests, a farm-style cocktail area with bar , and a 6,100 sq Ft, barn-style reception hall with a 25-ton air conditioning system, professional lighting, JBL / EV sound system, and Light DJ Effect. It also features a fully equipped kitchen, Bride and Groom Suite, ample storage, and maintenance areas. Additional amenities include parking for 200 guests and 40 private spaces, and a 1,802 Sq Ft 3 Bed / 2 Bath home for owner occupancy, on-site management, or rental income for $3,500/month. The business operates on a low-cost, high-margin model with minimal staffing—only two part-time employees (a secretary and a maintenance worker). Events are scheduled in 5-hour blocks, reducing the need for permanent staff. Legally binding contracts ensure future revenue through 2025-2026. The sale of the event venue includes absolutely everything needed to host events—just bring the food you plan to cook that day. The property comes fully equipped with all necessary utensils, equipment, and supplies to accommodate events of over 150 guests. Miami's event industry is strong with steady demand for venues, providing long-term stability for this business. The venue's reputation and location make it a popular choice for events. There is also potential for U.S. investor visas, offering a path to residency for qualifying buyers. Financing options are available and can be negotiated with the seller. For more information or to arrange a private showing, contact Edgard at 1 (305) 303-0915 (English/Spanish) or email mrhugobeltran@gmail.com. Visit the website at www.lovelybarn.com or view on Instagram @lovelybarnvenue.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

12.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Banquet Facility

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

9000

APN/PARCEL ID

30-6915-000-0590

ASK ABOUT THIS PROPERTY

Hugo BeltranHugo BeltranMore Info
786-796-7055

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Hugo BeltranHugo BeltranMore Info
786-796-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.