260 Crandon Blvd Unit C40

Key Biscayne, FL 33149
$1,450,000
Investment opportunity to acquire a fully leased retail unit at The Square, one of Key Biscayne’s most established commercial centers. The property is occupied by a successful Cafe & Gelato under a NNN lease, with the tenant responsible for operating expenses, providing stable in-place income and minimal landlord obligations. LocatedRead MoreRead Less
Courtesy of Fernando Echeverri, Great Properties International LLC, 305-365-0711.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Retail
Lot Size
0.02 Acres
Year Built
1981
MLS Number
A12048925
30 Days Snapshot Of 33149
$3.97M
+106%
(avg) sold price
27
+145%
homes sold
105
+59%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: City Street
Building
Year Built: 1981, Building Area Total: 1044, Building Name: The Square at Key Biscayne, Structure Type: Retail, Shopping Center
Community
Units In Community: 55
Cooling
Cooling: Central Individual A/C
Expenses
Operating Expense: 22437, Other Expense: 22437
Water Features
Water Source: "Public"
Heating
Heating: Central Individual A/C
Home Owner's Association
Fee: $630, Fee Frequency: Monthly
Income
Gross Income: $105,116, Gross Scheduled Income: $82,679, Net Operating Income: $82,678
Lot
Square Feet: 1044, Features: Shopping Center
Miscellaneous
Inclusions: Leases
Property
Current Use: Retail, Leasable Area Units: Square Feet
Sewer
Sewer: Public Sanitation
Taxes
Parcel Number: 24-42-32-022-0380, Tax Annual Amount: $14,447, Tax Legal Description: THE SQUARE AT KEY BISCAYNE CONDO UNIT C-40 UNDIV 2.157% INT IN COMMON ELEMENTS OFF REC 11327-1796 OR 21133-4032 0303 4, Tax Year: 2025
Tenant Pays
Tenant Pays: Inside Insurance, Management, Real Estate Tax
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