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- LoopNet Team
1001-1023 Kane Concourse
Bay Harbor Islands, FL 33154
Bay Harbor Islands Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 22,085 SF Mixed-Use Retail/Office Offering Located on the Exclusive Bay Harbor Islands
- Prime Corner Location Just Two Blocks from World- Famous Bal Harbour Shops and a Half Mile from Beach
- 97% Occupied Value-Add Investment Opportunity with Below Market Rents and Short-Term Leases
- Leasehold Interest with 27 Years of Term Remaining
- High Barrier to Entry Submarket with Multiple High-End, Exclusive Waterfront Homes
- Brand New Elevator Recently Installed
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 1001-1023 KANE CONCOURSE , BAY HARBOR ISLANDS, FL 33154
Marcus & Millichap is pleased to present Bay Harbor Islands Plaza, a 22,085 square foot, two-story retail/office complex located on Kane Concourse, just two blocks west of the world-famous Bal Harbour Shops. This is a leasehold-interest offering, with an expiration date of April 30, 2047. The property is ideally located on the northwest corner of heavily traveled Kane Concourse and East Bay Harbor Drive, and consists of 65 percent ground floor retail space and 35 percent second floor office space. Many of the existing tenants have occupied the property for many years and are paying below-market rates within this exclusive, low vacancy submarket. Bay Harbor Islands boasts very affluent demographics and offers excellent quality of living, with nearby beaches, many waterfront homes and an excellent public school system. This is an excellent opportunity for an investor to acquire a critical mass of retail and office space within a high-demand submarket with the ability to increase cash flow by improving the property and raising rents to current market rates.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $7,458,214 |
PROPERTY TAXES
