650 Crandon BlvdKey Biscayne, FL 33149

Property Details for 650 Crandon Blvd

Year built

1951

Property size (Sq ft)

1,782 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Retail space

APN

24-5205-063-0160

APU

2452050630160

Description

This exceptional 1,782 square foot retail space is available for lease at 650 Crandon Blvd #16, Key Biscayne, Florida. Located within a thriving shopping center, this single-tenant property offers unparalleled visibility and accessibility. The space is situated amongst established businesses including Winn Dixie, Sushi Siam, and El Gran Inka, ensuring high foot traffic and exposure to a desirable demographic. Key Biscayne boasts a strong median household income of $173,015, providing a robust customer base for your business. The property is zoned 6100 and has an APN of 24-52-05-063-0160. The lease is offered on a modified gross basis at a rate of $95 per square foot. The property will be vacant and available on February 1st, 2025, allowing ample time for tenant improvements and permitting. This presents a unique opportunity to establish a successful retail presence in a prime Key Biscayne location. The property is a single suite within a larger building, offering a dedicated space for your business. Don't miss this chance to capitalize on the high-income demographic and vibrant retail environment of Key Biscayne. Contact us today to schedule a viewing and learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,261,667

  6.5%

  $2,087,693

  7%

  $1,938,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,719,286

  Geo Method

  $1,719,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,761,047

  Hospitality

  $1,613,110

  Educational

  $1,342,088

  Medical

  $1,388,245

  Retail

  $2,087,693

Location Insight

City

Key Biscayne

County

Miami-dade

State

Florida

Latitude

25.6892

Longitude

-80.1639

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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