13981 SW 232nd St - Specialty FOR SALE


Miami, FL 33170
$1,950,000 USD
305-303-0915
13981 SW 232nd St, Miami, FL for Sale
$1,950,000 USD
Specialty - FOR SALE
1/56
null | 18.17% Cap Rate

13981 SW 232nd St
Miami, FL 33170


HIGHLIGHTS

  • Revenue-generating event hall in Miami Florida. 17 % CAP RATE Significant amount of bookings in place for 2025-2026. Fantastic market for weddings,

OVERVIEW

EVENT VENUE FOR SALE – ESTABLISHED BUSINESS + PROPERTY + INVENTORY **Asking Price: USD $1,950,000** Excellent opportunity to acquire a **fully equipped property with an established event venue business operating since late 2019**, supported by a proven history of revenue generation. The sale is primarily due to the **owner’s retirement and relocation to another country after several successful years of operation**, creating an opportunity for a new owner or investor to continue growing the business and unlock the property’s full potential. ### INVESTMENT HIGHLIGHTS * **Asking Price: USD $1,950,000** Sales per Year $360.000 Average * **More than $660,000 Net Profit generated during 2025 and year-to-date 2026 -* **Approximately 60 events** * Established business operating since late **2019** * **Active reservations** * Fully equipped event venue * Approximately **$120,000 in inventory and equipment included** * **Agricultural approval obtained in July 2026** * Permitting process currently underway and managed by a **specialized permitting company** * Significant appreciation potential upon completion of the required improvements and permitting process ### ESTABLISHED BUSINESS WITH PROVEN REVENUE During 2025 and year-to-date 2026, the business generated **more than $660,000 from approximately 60 events**, demonstrating its income-producing capability and established presence within the Miami-Dade event venue market. The buyer is not simply acquiring real estate. The transaction includes an **established operating business, event infrastructure, active reservations, and the equipment necessary to continue developing the operation**. ### APPROXIMATELY $120,000 IN INVENTORY INCLUDED The property will be delivered fully equipped for event operations. The sale includes approximately **$120,000 in inventory and equipment**, including tables, chairs, décor, utensils, event equipment, and numerous other items necessary for continued operations. This represents a significant advantage for a buyer looking to avoid the substantial upfront investment and time required to equip an event venue from the ground up. ### PERMITTING PROCESS ALREADY UNDERWAY An important milestone has already been achieved: **the agricultural approval was successfully obtained in July 2026.** The permitting process is currently moving forward with a **specialized permitting company** that is already familiar with the property and is managing the various required stages. The next phase involves completing the modifications necessary to bring the existing structures into compliance with applicable Miami-Dade County codes and regulations. This may include structural, electrical, plumbing, air-conditioning, and other technical improvements as required by the applicable departments. Operations are expected to continue through **April 2027**. After that time, a temporary suspension of operations is anticipated in order to complete the necessary property modifications and continue advancing through the remaining stages of the permitting process. ### SIGNIFICANT APPRECIATION POTENTIAL The current asking price of **USD $1,950,000** has been established primarily based on the property itself, the substantial improvements already completed, replacement cost, and the existing capital investment. **No separate additional value has been added to the asking price for the established operating business or for the potential increase in property value that may result once the permitting process is successfully completed.** This creates an especially attractive opportunity for a buyer or investor with a medium- to long-term investment strategy. ### AN OPPORTUNITY DIFFICULT TO REPLICATE Recreating an operation of this nature from the ground up would require acquiring the real estate, completing substantial improvements, developing the event infrastructure, purchasing equipment and inventory, establishing the business, building a customer base, and navigating the applicable permitting and approval processes. Here, a substantial portion of that work and investment **has already been completed**. For **USD $1,950,000**, a buyer has the opportunity to acquire a property with an established business operating since 2019, a proven revenue history, approximately **$120,000 in included inventory, active reservations, agricultural approval already obtained, and an ongoing permitting process**. **An exceptional opportunity for an event venue operator, investor, or buyer seeking an established income-producing asset with significant potential for future growth and appreciation.**

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

18.17%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility, Schools, Winery/Vineyard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

AGRICULTURAL

APN/PARCEL ID

30-6915-000-0590

ASK ABOUT THIS PROPERTY

Hugo BeltranHugo BeltranMore Info
305-303-0915

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Hugo BeltranHugo BeltranMore Info
305-303-0915

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