Commercial Sale · Retail
, KEY BISCAYNE, FL, 33149
Active15 days on marketListed Jul 6, 2026MLS #A12048772
About this property
The property at a glance
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 restaurant under a NNN lease, with the tenant responsible for operating expenses, providing stable in-place income and minimal landlord obligations. Located on Crandon Boulevard, The Square is a vibrant 55-unit open-air shopping center with a diverse mix of restaurants, boutiques, salons, and professional offices.
1,044
Building sq ft
$1,389
Price / sq ft
1,044
Lot sq ft
1981
Year built
6100
Zoning
Retail
Property type
The numbers
Investment snapshot
5.7%
Cap rate
$82,679
Net operating income
$105,777
Gross income (yr)
Estimated payment (illustrative)
Estimated payment
$7,884/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Donna to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
14,603
Population
$152,910
Median income
44
Median age
3
Avg household
$1,246,268
Median home value
$3,394/mo
Median rent
2,233
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Seeking peace and well-being through meditation, gratitude and spirituality.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Recent sales
What actually sold near
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,250,000
260 Crandon Blvd # C43, Key Biscayne FL 33149
Sold Jan 7, 2026
$7,400
Nearby listing
Sold Jul 1, 2025
$7,200
260 Crandon Blvd # C38, Key Biscayne FL 33149
Sold Jan 7, 2025
Your team
The pros in your corner
Your agent
Donna Layton
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for .
See it in person
Schedule a tour
Live availability from Donna's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Great Properties International LLC · Fernando Echeverri PA. MLS #A12048772.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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