100660 Overseas Highway

Key Largo, FL 33037 / Key Largo Park (101.0)

MLS ID# 603272 Active
Commercial

Get directions

$5,500,000

1.32 acres

• Images
• Map

View Larger

 

• Description
• Location, Tax & Legal
• General Property Description
• Details

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. 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 app... show more

Location, Tax & Legal

• Street # 100660
• Street Name Overseas
• Street Suffix Highway
• Key/Island Key Largo
• City KEY LARGO
• State/Province FL
• Zip Code 33037
• Subdivision Key Largo Park (101.0)
• Mile Marker 101
• County Monroe
• Area 27 - Key Largo MM 97-107
• Marathon Neighborhood N/A
• Side Bay/Gulf
• Flood Zone X
• Alternate Key # 1643556
• Parcel # 00524300-000000
• Zoning SC - Sub Urban Commercial District
• Legal Contact Listing Agent (multiple legal descriptions)
• Taxes 16418
• Tax Year 2021

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 268x190
• Lot SqFt 57482
• Waterfront No
• Control Depth 0
• # Parking Spaces 43
• # Stories 1
• Total # Buildings 3
• Building SqFt 10019
• SqFt Source Tax Records
• Net Leasable Area 10019
• Total Units 7
• Year Built 1971
• Total Bedrooms 0
• Full Baths 0
• Half Baths 0
• Total Baths 0

Details

• Deed Restrictions

  No

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Type

  Boat Sales/Service, Professional Service, Retail, Shop/Strip Center, Other Services

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Car(s):4+

• Cooling

  Central Air

• Utilities

  FKAA

• Appliances

  No Appliances

• Miscellaneous

  Fencing, High Traffc Location, High Visibility, Highway Frontage

• Construction

  CBS

• Floor

  Tile

• Roof

  Other Roof

• Land Size

  1 Less Than 2 Acres

• Fee Includes

  Other

• Terms

  No Seller Finance

• Tenant Paid

  Electric, Sewer, Taxes, Water

• Show

  Call List Agent, No Sign on Property, Tenant Occupied

• Auction Info

  No Auction

• Financial Status

  No Bank Owned, No Potential Short Sale