27340 Overseas HighwayRamrod,
Florida FL33042
StatusClosed
Sold Date7/29/2021
SqFt
3,969
CountyMonroe
SubdivisionBreezeswept Bch Est (27.5)
Year Built1958
Property TypeCommercial
Property Sub TypeCommercial
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.
Status
Closed
SqFt
3,969
Address
27340 Overseas Highway
City
Ramrod
State
Florida
Postal Code
33042
County
Monroe
Subdivision
Breezeswept Bch Est (27.5)
Zoning
SC - Sub Urban Commercial District
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1958
1st Right of Refusal
no
Business Name
Looe Key Resort
Control Depth
4
IDX City Name
Ramrod Key
IDX County Name
Monroe
Latitude
24.661777
Longitude
-81.406326
Type 2
Bar,Restaurant
Utilities
FKAA, Propane, Municipal Sewer
Sold Date
2021-07-29T00:00:00+00:00
Sold Price
$6,250,000
Listing Price
$6,900,000
photo Count
37
Key/Island
Ramrod Key
Mile Marker
27.5
Parcel Number
00200900-000000
Street Name
Overseas Highway
Street Number
27340
Bank Owned
no
Fee Includes
Other
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
For Sale/Lease
For Sale
HOA
no
Potential Short Sale
no
Tax Year
2020
Taxes
49808
Rent/Lease
neither
Rent/Lease Price
$6,900,000
Building Height (Feet)
25
Construction
Other
Dock
Other
Dockage
Boat Ramp
Land Size
1 Less Than 2 Acres
Lot Size
1.67 Acres
Lot SqFt
72845
Off Shore Island
no
Side
right
Style
Commercial
Waterfront
yes
Waterfront Type
Canal Front
Waterview
Canal View, Ocean View
©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Thursday, March 28th, 2024 at 10:51:07 AM.
#IDX-primaryPhoto,#idx-details-headerListed by: RE/MAX Keys Connection (KW) -