97360 Overseas Highway

Key Largo, FL 33037 / Mandalay Key Amt Plat (98.0)

MLS ID# 608573 Active
Commercial

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$30,000,000

2.57 acres

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

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combines a luxurious bayfront resort and a hotel with potential for TRE conversion, promising an exceptional return on investment. Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs). Bahia Bay Resort - Over 2 acres of exclusive bayfront paradise features 20 vacation rental rooms offering stunning sunset views, dockage, an inviting swimming pool and so much more. Seize the opportunity to own the entire portfolio and diversify your investment. The owner-managed properties ensure cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. There is nothing comparable that is offered in all of the Florida Keys! This offering is unparalleled and promises substantial returns in one of the most sought-after destinations. Contact me to explore the endless possibilities that await in this unique investment opportunity! Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment. See MLS#608560 for a diverse portfolio of prime commercial properties offered. Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combin... show more

Location, Tax & Legal

• Street # 97360
• Street Name Overseas
• Street Suffix Highway
• Key/Island Key Largo
• City KEY LARGO
• State/Province FL
• Zip Code 33037
• Off Shore Island No
• Subdivision Mandalay Key Amt Plat (98.0)
• Mile Marker 98
• County Monroe
• Area 27 - Key Largo MM 97-107
• Marathon Neighborhood N/A
• Side Bay/Gulf
• Flood Zone AE,0.2 PCT ANNUAL CH
• Alternate Key # 8848692
• Parcel # 00554990-000100
• Zoning SC - Sub Urban Commercial District
• Legal AMD PLAT OF MANDALAY PB2-25 KEY LARGO PORTION TRACT 3-B (NE) OR577-629 OR573-479 OR784-749 OR784-750 OR808-339 OR903-10
• Taxes 0
• Tax Year 2023

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 0
• Lot SqFt 111775
• Waterfront Yes
• Control Depth 4
• Building SqFt 46426
• SqFt Source Tax Records
• Net Leasable Area 46426
• Total Units 0
• Year Built 1994
• Total Bedrooms 70
• Full Baths 72
• Half Baths 2
• Total Baths 74

Details

• License Info

  5-Cop (Transferable)

• Association Info

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

• Type

  Hotel/Motel

• Waterfront

  Bay Front, Open Water, None

• Waterview

  Bay/Gulf View, Open Water View, No Waterview

• Dockage

  Dock:Wood, None

• Vehicle Storage

  Common Parking, Guest Parking

• Utilities

  FKAA

• Appliances

  Dryer, Range, Refrigerator, Washer, Other:more appliances

• Miscellaneous

  High Traffc Location, High Visibility, Highway Frontage, Lobby, Open Water View, Pool

• Construction

  CBS, Concrete

• Land Size

  2 Less Than 5 Acres

• Fee Includes

  None

• Show

  Call List Agent, No Sign on Property

• Financial Status

  No Bank Owned, No Potential Short Sale