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21423 Overseas Highway, Cudjoe Key, FL 33042

$1,474,000
Property Type: Commercial Sale Baths: 2 Square Footage: 1,250 Lot Size (sq. ft.): 16,198 Status: Active
Current Price: $1,474,000 List Date: 6/26/2025 Last Modified: 11/25/2025

Description

Rare Commercial Gem on US 1 in Cudjoe Key, Over 3 Acres, Income-Producing with Expansion Potential. This prime commercial property sits at the high-traffic corner of US Highway 1 and Blimp Road in Cudjoe Key, featuring a dedicated turn lane, 200 feet of highway frontage, and 700 feet along Blimp Road for unmatched visibility and access. Zoned SC (Suburban Commercial) and NEC (Native Ecosystem Conservation) this versatile parcel offers over 3 acres total with nearly 1 acre of usable uplands, and a range of income-generating and development opportunities. A fully renovated 1,250 SF concrete building, split into two units One unit includes a full kitchen, laundry, and bath, the other is a dedicated office space with a full bath, ADA-compliant with concrete wheelchair ramp, energy-efficient upgrades throughout and a fully fenced approx. 100' x 100' open yard space. Two driveways, RV hookups, storage units, water, sewer, and power on site, legal billboard-style signage on US 1, Crystal-clear water views on the north side with no neighboring structures—ideal for a destination restaurant, waterfront bar, or food truck park. SC zoning allows for a wide array of commercial uses, such as: Construction staging or contractor yard, retail center, marine services, gift shop, or medical office, live/work units or an outdoor event venue, affordable housing development with potential for 18 units per acre (verify with Monroe County). Perfect for 1031 exchange or long-term investors. Owner may hold mortgage for a qualified buyer. Located in the heart of the Lower Keys, just 20 minutes from Key West, this high-visibility corner delivers a rare combination of privacy, accessibility, and waterfront charm—with ample parking, water access, and no neighbors on the northern side. Whether you're expanding operations, starting a destination business, or land banking for the future.—this is your canvas. Please do not disturb tenant.

More Information MLS# 615585

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $1,474,000 Listing Date: 2025-06-25 List Price: $1,474,000

Location, Tax & Legal

City: Cudjoe Mile Marker: 21 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1227391 Parcel #: 00175330-000000 Zoning: SC - Sub Urban Commercial District Legal: TRACT C SACARMA BAY PB-4-128 CUDJOE KEY OR 198-467/68 OR519-835 OR793-164 OR793-165 OR842-1910/10 OR1088-826/27 OR1138-1 Taxes: 5411.79 Tax Year: 2024 Street #: 21423 Street Name: Overseas Street Suffix: Highway Key/Island: Cudjoe Key State/Province: FL Zip Code: 33042 Subdivision: Sacarma Bay (21.0) County: Monroe Area: 07 - Cudjoe Key

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 16,198 Lot SqFt: 16198 Total Units: 0 Building SqFt: 1250 Style: Commercial Living Apx SqFt: 1250 Year Built: 1980 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Rare Commercial Gem on US 1 in Cudjoe Key, Over 3 Acres, Income-Producing with Expansion Potential. This prime commercial property sits at the high-traffic corner of US Highway 1 and Blimp Road in Cudjoe Key, featuring a dedicated turn lane, 200 feet of highway frontage, and 700 feet along Blimp Road for unmatched visibility and access. Zoned SC (Suburban Commercial) and NEC (Native Ecosystem Conservation) this versatile parcel offers over 3 acres total with nearly 1 acre of usable uplands, and a range of income-generating and development opportunities. A fully renovated 1,250 SF concrete building, split into two units One unit includes a full kitchen, laundry, and bath, the other is a dedicated office space with a full bath, ADA-compliant with concrete wheelchair ramp, energy-efficient upgrades throughout and a fully fenced approx. 100' x 100' open yard space. Two driveways, RV hookups, storage units, water, sewer, and power on site, legal billboard-style signage on US 1, Crystal-clear water views on the north side with no neighboring structures—ideal for a destination restaurant, waterfront bar, or food truck park. SC zoning allows for a wide array of commercial uses, such as: Construction staging or contractor yard, retail center, marine services, gift shop, or medical office, live/work units or an outdoor event venue, affordable housing development with potential for 18 units per acre (verify with Monroe County). Perfect for 1031 exchange or long-term investors. Owner may hold mortgage for a qualified buyer. Located in the heart of the Lower Keys, just 20 minutes from Key West, this high-visibility corner delivers a rare combination of privacy, accessibility, and waterfront charm—with ample parking, water access, and no neighbors on the northern side. Whether you're expanding operations, starting a destination business, or land banking for the future.—this is your canvas. Please do not disturb tenant.

Association Info

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

Type

Auto Sales: 1 Boat Sales/Service: 1 Office Buildings: 1 Other Comrcl Style: 1 Professional Service: 1 Retail: 1

Fee Includes

None: 1

Dockage

None: 1

Cooling

Central Air: 1

Waterfront

Salt Ponds: 1

Waterview

Salt Ponds: 1

Vehicle Storage

Off Street Parking: 1

Construction

CBS: 1

Land Size

1/2 - Less Than 1 AC: 1

Terms

Seller Finance Psble: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Separate Meters: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Auto Sales; Boat Sales/Service; Office Buildings; Other Comrcl Style; Professional Service; Retail Waterfront: Salt Ponds Waterview: Salt Ponds Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer; Separate Meters Miscellaneous: High Traffc Location; High Visibility; Highway Frontage Construction: CBS Land Size: 1/2 - Less Than 1 AC Fee Includes: None Terms: Seller Finance Psble
Listing Office: eXp Realty LLC KW Branch
Last Updated: November - 25 - 2025
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