99202 Overseas Highway

Key Largo, FL 33037 / Sunset Cove (99.5)

MLS ID# 608789 Active
Commercial

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$16,000,000

0.8 acres

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

Description

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines 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). The owner-managed property ensures cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. Contact me to explore the endless possibilities that await in this unique investment opportunity! The owner-managed properties ensure cohesive and efficient operations. You can find more in-depth information upon execution of a signed Confidentiality Agreement. 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. Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potentia... show more

Location, Tax & Legal

• Street # 99202
• Street Name Overseas
• Street Suffix Highway
• Key/Island Key Largo
• City KEY LARGO
• State/Province FL
• Zip Code 33037
• Off Shore Island No
• Subdivision Sunset Cove (99.5)
• Mile Marker 99.5
• County Monroe
• Area 27 - Key Largo MM 97-107
• Marathon Neighborhood N/A
• Side Ocean
• Flood Zone X
• Alternate Key # 1622818
• Parcel # 00504940-000000
• Zoning SC - Sub Urban Commercial District
• Legal LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-135
• Taxes 0
• Tax Year 0

General Property Description

• Realtor.COM Type Commercial
• Style Commercial
• Lot Size 0
• Lot SqFt 34765
• Waterfront No
• Control Depth 0
• Business Name Key Largo Inn
• Building SqFt 26342
• SqFt Source Tax Records
• Net Leasable Area 26342
• Total Units 0
• Year Built 1953
• Total Bedrooms 50
• Full Baths 50
• Half Baths 0
• Total Baths 50

Details

• License Info

  5-Cop (Transferable)

• Association Info

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

• Type

  Hotel/Motel

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Common Parking, Guest Parking

• Utilities

  FKAA

• Appliances

  Refrigerator, Other:more appliances

• Miscellaneous

  High Traffc Location, High Visibility, Highway Frontage, Lobby, Pool

• Construction

  CBS, Concrete

• Land Size

  1/2 - Less Than 1 AC

• Fee Includes

  None

• Show

  Call List Agent, No Sign on Property

• Property Rights

  Beverage License, Tranfrble Dev Right

• Financial Status

  No Bank Owned, No Potential Short Sale