Interior
- Bathrooms
- 0
- Flooring
- Vinyl
- Cooling
- Central Air
- Heating
- Central, Electric
Active · Retail
$1,100,000
260 Crandon Blvd E18, Key Biscayne, FL 33149
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1981
- Lot size
- —
- HOA fee
- $420 Monthly
- Annual tax
- $11,475
About this property
Investment Opportunity! Excellent commercial space located at The Square, a premier commercial condominium in Key Biscayne. The unit is positioned on a corner courtyard with shared outdoor seating areas and high pedestrian traffic, surrounded by Patagonia Nahuen, La Despensa, and Kazumi Restaurant. Other tenants include major banks, medical offices, and a variety of restaurants and retail shops (clothing, toys, and décor, among others). The unit is currently leased through July 2028. Current monthly rent: $6,036.59 January 2027 rent: $6,217.71 January 2028 rent: $6,404.24 Lease expiration: July 31, 2028 The owner pays property taxes and maintenance. Monthly maintenance: $475
Property location
Get Directions260 Crandon Blvd E18, Key Biscayne, FL 33149
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1981
- Lot size
- 0 sq ft
- Roof
- Concrete
- Construction
- Block
Parking
- Covered spaces
- 0
- Parking features
- Common
HOA, Community & Financials
- Association fee
- $420 Monthly
- Association
- Michele & Associates
- Association contact
- 305.361.3262
- Annual tax
- $11,475
- County
- Miami-Dade
- Days on market
- 210
- MLS listing ID
- A11951163
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,787
- Cap rate
- 3.7%
- Net yield
- 3.7%
- Cash-on-cash return
- -7.0%
- Gross yield
- 6.6%
- Mortgage payment
- $5,215/mo
- Down payment
- $275,000
- Loan amount
- $825,000
- Annual NOI
- $41,125
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.