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99411 Overseas Highway, Key Largo, FL 33037

$3,700,000
Property Type: Commercial Bedrooms: 2 Baths: 10 Lot Size (sq. ft.): 39,140 Status: Closed
Current Price: $3,700,000 List Date: 6/14/2022 Last Modified: 9/10/2024

Overview

Description

For Statistical Purposes Only. Key Largo investment opportunity. This mixed-use income-producing property commercial property is located at mile marker 99.4 in the heart of Key Largo. With approximately 250' of US 1 road frontage and just a few feet from the northbound traffic light, each business within the building gets valuable drive-by traffic exposure. The fully leased property has seen minimal tenant turnover and no extended vacancies.? Since 1996 this property has maintained almost 100% occupancy. The property has an excellent tenant mix, restaurant, financial services, retail, distillery and bar, and apartment rental. The property consists of three parcels; the building parcel and two adjacent vacant lots provide convenience for parking.

Listing Details MLS# 601401

Location, Tax & Legal

Street #
99411
Street Name
Overseas
Street Suffix
Highway
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
Subdivision
Sunset Cove (99.5)
County
Monroe
Area
27 - Key Largo MM 97-107
City
KEY LARGO
Mile Marker
99.5
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
X
Alternate Key #
1623083
Parcel #
00505210-000000
Zoning
SC - Sub Urban Commercial District
Legal
SUNSET COVE PB1-165 KEY LARGO LOTS 39 THRU 42 BLK 11 OR386-467 RE 50522 THRU 50524 COMBINED PER OWNERS REQUEST 5-14-91 O
Taxes
14834
Tax Year
2021

Contract Information

Listing Board
Florida Keys
Limited Representation
No
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
39140
Waterfront
No
SqFt Source
Tax Records
Year Built
1968
Total Bedrooms
2
Full Baths
8
Half Baths
2
Total Baths
10
Control Depth
0
Building SqFt
0

Status Change Info

Sold Date
2022-06-14

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
For Statistical Purposes Only. Key Largo investment opportunity. This mixed-use income-producing property commercial property is located at mile marker 99.4 in the heart of Key Largo. With approximately 250' of US 1 road frontage and just a few feet from the northbound traffic light, each business within the building gets valuable drive-by traffic exposure. The fully leased property has seen minimal tenant turnover and no extended vacancies.? Since 1996 this property has maintained almost 100% occupancy. The property has an excellent tenant mix, restaurant, financial services, retail, distillery and bar, and apartment rental. The property consists of three parcels; the building parcel and two adjacent vacant lots provide convenience for parking.

Type

Office Buildings
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Appliances

No Appliances
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Windows/Doors

Impact Rstnce Window
Yes

Construction

CBS
Yes

Land Size

1/2 - Less Than 1 AC
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Rights

Multi-Use/Commercial
Yes

Roof

Concrete Roof
Yes

Property Features

Type: Office Buildings Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: CBS Roof: Concrete Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Property Rights: Multi-Use/Commercial
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: September - 10 - 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.