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    620 Crandon Blvd Key Biscayne, FL 33149

    For Lease
    Contact for pricing

    Thriving Restaurant, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Key Biscayne restaurant presents a rare investment opportunity. Located at 620 Crandon Blvd #7, this single-tenant property is situated in a highly desirable area known for its vibrant atmosphere and significant foot traffic. Currently operating as a successful restaurant, the space benefits from excellent visibility and is perfectly positioned to capitalize on the strong local demand. The property's zoning is classified as 6100. The building consists of a single suite, offering a cohesive and manageable operation. While the square footage is not currently specified, the property's prime location and established business make it an attractive proposition for both seasoned restaurateurs and new entrants to the market. The property's APN is 24-52-05-063-0070. This is a chance to acquire a turnkey restaurant business in a coveted location, offering immediate income potential and significant long-term growth prospects. The property's success is underpinned by its strategic placement within the bustling Key Biscayne community, ensuring consistent customer flow and a strong reputation. Serious inquiries are encouraged to explore this unique opportunity to own a thriving business in a highly sought-after area. Further details regarding gross rent are available upon request.

    Property Features for 620 Crandon Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    7
    Size
    0 SF

    HighLights

    • Restaurant property located at 620 Crandon Blvd #7, Key Biscayne.
    • Single‑tenant occupancy.
    • Building consists of one suite.
    • Zoned 6100.
    • APN: 24‑52‑05‑063‑0070.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key Biscayne
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.163922
    Latitude
    25.689747

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    FAQs

    What type of property is this?
    Restaurant - Thriving Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 620 Crandon Blvd Key Biscayne, FL.
    What are key features of this property?
    This property features: Restaurant property located at 620 Crandon Blvd #7, Key Biscayne.; Single-tenant occupancy.; Building consists of one suite.
    Request Owner's contact information
    620 Crandon Blvd Key Biscayne, FL 33149
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    Key Biscayne, FL 33149
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 Crandon Blvd Key Biscayne, FL 33149
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