How much is 260 Crandon Boulevard C40?

260 Crandon Boulevard C40 is listed at $1,450,000, about $1,389 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 260 Crandon Boulevard C40?

The listing reports net operating income of $82,678 a year, a cap rate of about 5.7% at the $1,450,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 260 Crandon Boulevard C40 zoned?

The listing reports zoning of 6100. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 260 Crandon Boulevard C40?

The listing reports 1,044 square feet of building.

When was 260 Crandon Boulevard C40 built?

260 Crandon Boulevard C40 was built in 1981. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 260 Crandon Boulevard C40?

The listing reports annual property taxes of $14,447 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 260 Crandon Boulevard C40?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

260 Crandon Boulevard C40, Key Biscayne, FL 33149

$1,450,000 · $1,389 per sq ft · Retail for sale

Property type: Retail
Asking price: $1,450,000
Price per sq ft: $1,389
Building size: 1,044 sq ft
Lot size: 871 sq ft
Zoning: 6100
Year built: 1981
Units: 1
Net operating income: $82,678/yr
Cap rate: 5.7%
Tenant pays: Insurance, Management, Taxes, Inside Insurance, Real Estate Taxes
Parcel ID: 2442320220380
MLS#: A12048925

Photo 1 at 260 Crandon Boulevard C40, Key Biscayne

Photo 2 at 260 Crandon Boulevard C40, Key Biscayne

Photo 3 at 260 Crandon Boulevard C40, Key Biscayne

Photo 4 at 260 Crandon Boulevard C40, Key Biscayne

Photo 5 at 260 Crandon Boulevard C40, Key Biscayne

Photo 6 at 260 Crandon Boulevard C40, Key Biscayne

Photo 7 at 260 Crandon Boulevard C40, Key Biscayne

About this property

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 Cafe & Gelato 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.

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
Shop(s)	—	—	—	—	—

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income	$82,679/yr
Gross income	$105,116/yr
Property taxes	$14,447/yr
Other	$22,437/yr
Net operating income	$82,678/yr
Cap rate at asking price	5.7%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 260 Crandon Boulevard C40

Included: Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Great Properties International LLC · danielggaviria@hotmail.com · Listing agent: Fernando A Echeverri

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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 BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 260 Crandon Boulevard C40 or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 260 Crandon Boulevard C40

How much is 260 Crandon Boulevard C40?: 260 Crandon Boulevard C40 is listed at $1,450,000, about $1,389 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 260 Crandon Boulevard C40?: The listing reports net operating income of $82,678 a year, a cap rate of about 5.7% at the $1,450,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 260 Crandon Boulevard C40 zoned?: The listing reports zoning of 6100. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 260 Crandon Boulevard C40?: The listing reports 1,044 square feet of building.
When was 260 Crandon Boulevard C40 built?: 260 Crandon Boulevard C40 was built in 1981. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 260 Crandon Boulevard C40?: The listing reports annual property taxes of $14,447 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 260 Crandon Boulevard C40?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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