Basic Information

  • MLS # A11550603
  • Type Retail
  • Status Active
  • Subdivision/Complex
  • Year Built 1981
  • Total Sqft 1,044
  • Date Listed 03/14/2024
  • Days on Market 54
Description

PRIME Investment Opportunity. Fully NNNtenant reimburses for all expenses - NOI 76,441 - 5.58 Cap - 4 Annual Increases - Unit in main plaza of Shopping Center. Rented to Narbona, a highly successful restaurantmarket with other locations in the city. Shopping center located in an affluent Zip Code with a captive client base. Tenant occupies 4 units in the plaza and has recently expanded into this unit. Lease has 5 years remaining with another 5 year renewal option. High foot traffic, other tenants include Bank of America and First Horizon among other successful restaurants, salons and retailers. Shopping center is on Crandon Blvd, the main road in Key Biscayne. Unit has 1,044 sq ft.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Style Retail

Interior Features

  • Adjusted Sqft 1,044
  • Sqft 1,044

Property Features

  • Address 260 Crandon Blvd C40
  • Aprox. Lot Size 1,044
  • City Key Biscayne
  • County Miami-Dade County
  • Furnished Info No
  • Occupant Type Tenant
  • Postal City Key Biscayne
  • Public Survey Township 24
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $12,773
  • Tax Information 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 0
  • Type of Property Retail

260 Crandon Blvd #C40

Key Biscayne, FL 33149

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