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Invest in Paradise, prime investment opportunity in the heart of Key Largo! 1.32 acre fully leased commercial property with over 240' of frontage on US1 located conveniently at mile marker 100. Three buildings situated on 10 lots with a total of approximately 12,300 sq. ft. of leasable space is currently occupied by 6 long term tenants and complimented by an additional 4 long term tenants operating a thriving outdoor market on the northern lot. Rent increases scheduled for March 2023 will bring a Pro Forma NOI of $281,520 and a Pro Forma CAP Rate of 5.1%. Please do not disturb the current businesses.

Listing ID603272
Price$5,500,000
StatusActive
SqFt 10,019
CountyMonroe
SubdivisionKey Largo Park (101.0)
Year Built1971
Property TypeCommercial
Property Sub TypeCommercial

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RE/MAX ALL KEYS REAL ESTATE
Address: 517 Duval St Suite 200
Key West, FL 33040
United States
Phone: 305-296-1400
Phone Alt: 305-304-0084

KEY LARGO LOCATION:

305-451-0060 Office



Business Address:

98880 Overseas Hwy, Key Largo, FL 33037

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