624 Crandon BlvdKey Biscayne, FL 33149

Property Details for 624 Crandon Blvd

Year built

1951

Property size (Sq ft)

2,697 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail properties

Property subtype

Retail space

APN

24-5205-063-0080

APU

2452050630080

Description

This 952-square-foot retail space is available for lease at 624 Crandon Blvd #8 in Key Biscayne, Florida (33149). Located within a bustling shopping mall, this single-tenant space boasts high foot traffic and excellent visibility, situated near anchor stores and central walkways. Ideal for small retail businesses, boutiques, or pop-up shops, the property offers significant exposure to a steady flow of daily shoppers. The space is currently vacant and ready for immediate occupancy. Features include a new AC unit, bathroom, grease trap, updated light fixtures, and ample parking. The zoning designation is 6100, and the APN is 24-52-05-063-0080. This is a rare opportunity to secure a prime retail location in a high-traffic Key Biscayne shopping mall. Don't miss out on this chance to establish or expand your business in a thriving commercial environment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,422,961

  6.5%

  $3,159,656

  7%

  $2,933,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,602,085

  Geo Method

  $2,602,085

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,288

  Hospitality

  $2,441,390

  Educational

  $2,031,208

  Medical

  $2,101,064

  Retail

  $3,159,656

Location Insight

City

Key Biscayne

County

Miami-dade

State

Florida

Latitude

25.6896

Longitude

-80.1647

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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