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100660 Overseas Highway

Key Largo, FL 33037
  • $5,500,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 603272
UPDATED: 17 min ago
$5,500,000
  • 0
    BEDS
  • 1.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,019
    SQFT
  • $549
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1971
County:

School Ratings & Info

Description

Invest in Paradise, prime investment opportunity in the heart of Key Largo! 1.32 acre fully leased commercial property with over 240' of frontage on US1 located conveniently at mile marker 100. Three buildings situated on 10 lots with a total of approximately 12,300 sq. ft. of leasable space is currently occupied by 6 long term tenants and complimented by an additional 4 long term tenants operating a thriving outdoor market on the northern lot. Rent increases scheduled for March 2023 will bring a Pro Forma NOI of $281,520 and a Pro Forma CAP Rate of 5.1%. Please do not disturb the current businesses.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buyinthekeys.com/homes/135132655
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100660 Overseas Highway Key Largo, FL 33037

  • Price: $5,500,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 17 min ago
  • MLS #: 603272
0
Beds
0
Baths
0
½ Baths
1.32
Acres
10,019
SQFT
$549
$/SQFT
1971
Built
Neighborhood:
Key Largo Park (101.0)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
Invest in Paradise, prime investment opportunity in the heart of Key Largo! 1.32 acre fully leased commercial property with over 240' of frontage on US1 located conveniently at mile marker 100. Three buildings situated on 10 lots with a total of approximately 12,300 sq. ft. of leasable space is currently occupied by 6 long term tenants and complimented by an additional 4 long term tenants operating a thriving outdoor market on the northern lot. Rent increases scheduled for March 2023 will bring a Pro Forma NOI of $281,520 and a Pro Forma CAP Rate of 5.1%. Please do not disturb the current businesses.
Exterior Features

Construction Cbs Dockage None Land Size 1 Less Than 2 Acres Lot Size 268X190 Miscellaneous FencingHigh Traffc LocationHigh VisibilityHighway Frontage Parking Spaces 43 Roof Other Roof Side Bay/Gulf Style Commercial Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances Cooling Heating Central Air Floor Tile Net Leasable Area 10019.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key Largo Commercial Type Boat Sales/ServiceOther ServicesProfessional ServiceRetailShop/Strip Center Control Depth 0 Deed Restrictions No Fee Includes Other Fema List No Flood Zone X Legal Contact Listing Agent (Multiple Legal Descriptions) Listing Board Florida Keys Mile Marker 101.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Tax Records Tax Year 2021 Taxes 16418.00 Tenant Paid ElectricSewerTaxesWater Terms No Seller Finance Title Negotiable Total Units 7.00 Utilities Fkaa Zoning Sc - Sub Urban Commercial District

Listing courtesy of Philip Kravitz of Coldwell Banker Schmitt Key Largo: (305) 451-4422.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co
85996 Overseas Highway
Islamorada FL, 33036