27340 Overseas Highway, Ramrod Key, FL 33042 (MLS# 593971)

27340 Overseas Highway, Ramrod Key, FL 33042

$6,250,000

Property Type: Commercial Sale Lot Size (sq. ft.): 72,845 Status: Closed

Current Price: $6,250,000 List Date: 1/04/2021 Last Modified: 9/09/2024

Overview

Description

Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

Listing Details MLS# 593971

Location, Tax & Legal

Street #: 27340
Street Name: Overseas
Street Suffix: Highway
Key/Island: Ramrod Key
State/Province: FL
Zip Code: 33042
Subdivision: Breezeswept Bch Est (27.5)
County: Monroe
Area: 09 - Ramrod Key

Contract Information

Listing Board: Key West Association
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 72845
Waterfront: Yes
Control Depth: 4
Business Name: Looe Key Resort
# Stories: 2
Building Ht. Ft.: 25
Building SqFt: 3969
Year Built: 1958

Status Change Info

Under Contract Date: 2021-07-28
Leased Date: 2021-07-29

Association Info

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

Dockage

Dock: Other

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Type: Bar; Restaurant Waterfront: Canal Front Waterview: Canal View; Ocean View Dockage: Boat Ramp Utilities: FKAA; Municipal Sewer; Propane Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: Other

Listing Office: RE/MAX Keys Connection (KW)

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.