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
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.
