1211 Overseas, Big Coppitt, FL 33040 (MLS# 509047)

1211 Overseas, Big Coppitt, FL 33040

$4,600,000

Property Type: Commercial Sale Lot Size (sq. ft.): 23,522 Status: Closed

Current Price: $4,600,000 List Date: 10/19/2001 Last Modified: 9/09/2024

Overview

Description

Lush Tropical Landscaping accents this 40 unit waterfront resort. Over 600 ft. of prime US-1 frontage just 7 miles from Key West. High traffic location with long established repeat clientele. Excellent financials. While most keys resorts suffered greatly from 9/11 this property showed a much smaller decrease than average. This years financials show a strong increase in revenue to near pre 9/11

Supplements: levels. This property is impecibly maintained and operated. There are several undeveloped possibilities of additional revenue . This property is a must see if your looking for a Florida Keys motel where the financials and condition of the property justify the sales price . Appraised September 2003 for $ 4,900,000.00

Listing Details MLS# 509047

Location, Tax & Legal

Street #: 1211
Street Name: Overseas
Key/Island: Big Coppitt
State/Province: FL
Zip Code: 33040
Subdivision: Gulf View (10.0)
County: Monroe
Area: 05 - Stock Island to Shark Key

Contract Information

Listing Board: Florida Keys
Range Pricing: No
Limited Representation: Yes
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Rental
Style: Commercial
Lot SqFt: 23522
Waterfront: Yes
Control Depth: 3
Business Name: CARIBBEAN VILLAGE
Total Units: 40
Year Built: 84

Status Change Info

Under Contract Date: 2004-05-11
Leased Date: 2004-12-18

More Information

Property Features

Deed Restrictions: No Property Info: License Included Type: Apartment 3 or more; Hotel/Motel; Marina Waterfront: Bay Front Waterview: Bay/Gulf View; Canal View Dockage: Boat Ramp Vehicle Storage: Guest Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Individual Swr Plant Interior Features: Laundry Room Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Manager on Premises Construction: CBS; Frame; Other Electric: 220 Volt; Circuit Breakers; Three Phase Floor: Carpet; Combo; Wood Roof: Tin Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Terms: Seller Finance Psble

Listing Office: Exit Realty Florida Keys TAV

Last Updated: September - 09 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.