Prime Turnkey Full-Kitchen Restaurant for Sale + Retail Space Available for Lease at 929 Collins Avenue, Miami Beach.
Iconic South Beach flagship opportunity just one block from Ocean Drive! This fully renovated two-story restaurant building (Building 1) features a complete commercial kitchen and is ready for a new operator to take over or for the owner to lease to a qualified restaurateur or retailer.
Turnkey full commercial kitchen on one or two-floor layout ideal for high-volume operations — breakfast-to-late-night service, full-service dining, private events, or specialized concepts (Italian, Asian fusion/hibachi, brunch, cafe, etc.).
Large outdoor terrace + prominent Collins Avenue signage with heavy foot and vehicle traffic for instant visibility and al fresco seating.
Listed 99.3% below estimated market value — $21,301,474 under comps. Strong value.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
6640 Allison Rd, Miami Beach FL 33141
INDIAN CREEK SUB,ALLISON ISLAND · 1992
$16,500,000
Jul 21, 2025
$18,500,000
$1,852/sf
8
9
8,911
-10.8%
4340 N Bay Rd, Miami Beach FL 33140
NAUTILUS SUB · 2008
$25,000,000
Mar 16, 2026
$30,000,000
$2,858/sf
6
8
8,748
-16.7%
5681 Pine Tree Dr, Miami Beach FL 33140
BEACH VIEW SUB · 1935
$8,250,000
Oct 10, 2025
$8,999,000
$1,277/sf
8
8
6,458
-8.3%
7133 Fisher Island Dr # 7133, Miami Beach FL 33109
PALAZZO DEL MARE AT FISHER,PALAZZO DEL MARE AT · 2007
$14,425,000
Apr 24, 2026
$16,980,000
$2,053/sf
6
6
7,025
-15%
5515 Pine Tree Dr, Miami Beach FL 33140
BEACH VIEW SUB · 2025
$23,750,000
Apr 16, 2026
$25,900,000
$3,394/sf
7
9
6,997
-8.3%
5077 N Bay Rd, Miami Beach FL 33140
LA GORCE GOLF SUB · 1981
$8,750,000
Feb 6, 2026
$8,750,000
$1,244/sf
7
7
7,034
+0%
6620 Allison Rd, Miami Beach FL 33141
INDIAN CREEK SUB · 1968
$21,000,000
Jan 14, 2026
$25,000,000
$3,207/sf
7
7
6,549
-16%
7093 Fisher Island Dr # 7093, Miami Beach FL 33109
PALAZZO DEL SOL/DELLA LUN · 2016
$36,000,000
Dec 24, 2025
$36,000,000
$3,784/sf
7
9
9,514
+0%
16 Palm Ave, Miami Beach FL 33139
PALM ISLAND · 1930
$22,850,000
Nov 21, 2025
$24,900,000
$2,481/sf
6
7
9,209
-8.2%
1821 W 27th St, Miami Beach FL 33140
SUNSET ISLANDS-ISLAND NO · 1940
$34,000,000
Oct 14, 2025
$37,500,000
$4,956/sf
7
7
6,860
-9.3%
$21,925,000
Median Sale
$20,784,375
Trimmed Avg
$2,613/sf
Avg $/sqft
10 sales
Comps Found
Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.