Retail in Key Biscayne for sale with MLS# A12048772
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.
The street address for this listing (MLS-A12048772) is private
Price
- Price:
- $1,450,000.00
- Original List Price:
- $1,450,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,388.88
Business Info
- Gross Scheduled Income:
- 82679
Lease Details
- Tenant Pays:
- Common Area Maintenance, Insurance, Taxes, Maintenance, Inside Insurance, Real Estate Taxes
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Business Type:
- Retail
- Listing Category:
- Commercial Sale
- Property Type:
- Retail
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- July 6, 2026 4:00 am
Measures
- Built-Up Area:
- 1,044 Sqft
- Lot Size Acres:
- 0.02
Property Features
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Central Individual
Construction
- Year Built:
- 1981
- Number of stories:
- 1
- Structure Type:
- Retail
- Road Frontage Type:
- City Street
- Flood Zone Code:
- AE
Taxes and Expenses
- Tax Annual Amount:
- $14,447.00
- Tax Year:
- 2025
- Association Fee:
- $630.00
- Association Fee Frequency:
- Monthly
Utilities
- Sewer:
- Public Sewer
- Water Source:
- Public
Community
- Senior Community:
- No
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
Zoning and Legal
- Tax Legal Description:
- THE SQUARE AT KEY BISCAYNE CONDO UNIT C-14 UNDIV 2.157% INT IN COMMON ELEMENTS OFF REC 11327-1796 OR 18280-4699 0998 1 COC 24074-1812 11 200
- Zoning:
- 6100
Listing History
- Active on the market since:
- July 6, 2026
- Listing Agreement executed on:
- July 6, 2026
- Listing Status Last Changed On:
- July 6, 2026 4:00 am
- Photos updated on:
- July 14, 2026 2:04 am
- Last Modified:
- August 18, 2026 4:03 pm
Additional Information
- Courtesy of:
- Great Properties International LLC
- Attribution:
- Not provided
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$171,982
Median Home Value
$1,231,500
Median Rent
$3,501/mo
Median Age
43
Population
14,628
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
35
Good
☀️ O3
35
Good
🫁 PM2.5
35
Good
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