12-24 Crandon Blvd | Key Biscayne, FL 33149
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
12-24 Crandon Blvd
Key Biscayne, FL 33149
The Maylay Key Biscayne · Land For Sale
·
1.35 AC
INVESTMENT HIGHLIGHTS
- Shovel-ready project located at the entrance to Key Biscayne
- For Sale Condos: Unlevered 23.50% IRR / 1.46x EM Levered 29.37% IRR / 1.65x EM
- High visibility, high household incomes, high barriers to entry and high rents
- Stand-alone Income Approach Unlevered 18.87% IRR / 1.89x EM Levered 28.91 % IRR / 2.62x EM
- The projected yield on cost is 8.89%
- This is the last vacant parcel of commercial real estate on the island
PROPERTY FACTS
DESCRIPTION
Arguably the single best commercial real estate location on the island, situated at the very entrance to the Village of Key Biscayne. The approved building design is simply stunning and will become the most prominent business address in Key Biscayne. The project can be sold as individual condominiums or the building can be leased and held for investment. Projected returns as follows;
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $17,331 | |
| Land Assessment | $11,173,500 | Total Assessment | $11,190,831 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,173,500
Improvements Assessment
$17,331
Total Assessment
$11,190,831
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
