NOT LISTED FOR SALE

Estimated Value: $18,790,218

-- Bed
-- Bath
40,946 Sq Ft
$459/Sq Ft Est. Value

Last Sold January 08, 2015

Last sale price $2,800 $0 Per Sq Ft

Est. 670,979% increase in value since last sale

Current estimated payment $111,727/month

119 Days on Market

Highlights

  • 40,946 Sq Ft lot
  • No HOA
  • Concrete Flooring
  • Key Biscayne K-8 Center Rated A-
  • Cooling Available
  • 1-Story Property

About This Home

As of January 2015

GREAT OPPORTUNITY. RETAIL, COMMERCIAL OFFICE, RESTAURANT SPACE FOR LEASE IN KEY BISCAYNE. RARELY AVAILABLE. DO NOT MISS IT. READY TO MOVE IN.

Last Agent to Sell the Property

Michelle Barnett

LoKation License #3004000 Listed on: 09/04/2014

LoKation

Co-Listed By

Hugo Barragan

Real Broker LLC License #3239763

Last Buyer's Agent

Michelle Barnett

LoKation License #3004000 Listed on: 09/04/2014

LoKation

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $144,086

Year Built

  • Built in 1991

Lot Details

  • 0.94 Acre Lot
  • Property is zoned 61/COMME

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Parking

  • 47 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available

Community Details

  • No Home Owners Association
  • The Arcade Condos

Listing and Financial Details

  • Tenant pays for a/c & heating maintenance, electricity, inside insurance, interior maintenance, sales tax, sewer
  • Assessor Parcel Number 24-42-32-002-0080

Property Details

Property Type

Other

Est. Annual Taxes

$144,086

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1991
  • Property Sub Type: Lease
  • Business Type: Shopping Center
  • Directions: KEY BISCAYNE, CRANDON BLVD.
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Lease
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Other
  • Lot Features: Shopping Center
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: The Arcade
  • Parking Features: Free Parking
  • Total Parking Spaces: 47

Utilities

  • Sewer: Public Sanitation
  • Water Source: Public
  • Cooling: Central Individual A/C
  • Cooling Y N: Yes
  • Electric: 110 Volts Power
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-42-32-002-0080
  • Current Use: Commercial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 40946
  • Zoning: 61/COMME
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: A/C & Heating Maintenance, Electricity, Inside Insurance, Interior Maintenance, Sales Tax, Sewer
  • Lease Term: Long Term Lease

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2002
Sold by
James Pilafian M and Shocky Pilafian M
Bought by
R3s2k3 Llc
Total Days on Market
119
Current Estimated Value
$18,790,218
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
R3s2k3 Llc $5,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R3s2k3 Llc $3,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2015 01/08/15 Sold $2,800 -6.7% $0 / Sq Ft
01/01/2015 01/01/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $3,000 -- $0 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $144,086 $8,700,000 $6,633,252 $2,066,748
2023 $144,086 $8,700,000 $6,633,252 $2,066,748
2022 $143,598 $8,597,600 $0 $0
2021 $147,816 $8,600,000 $6,633,252 $1,966,748
2020 $136,268 $8,600,000 $6,633,252 $1,966,748
2019 $129,781 $8,600,000 $6,633,252 $1,966,748
2018 $109,781 $7,200,000 $5,896,224 $1,303,776
2017 $115,754 $7,135,799 $0 $0
2016 $119,056 $7,200,000 $0 $0
2015 $114,484 $6,753,010 $0 $0
2014 $100,474 $6,316,478 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2000854

MIAMI REALTORS® MLS

APN: 24-4232-002-0080