100660 Overseas Highway, KEY LARGO, Florida 33037 (MLS# 603272)
100660 Overseas Highway
KEY LARGO,
FL $5,500,000
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.
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Listing ID603272
Price$5,500,000
StatusActive
SqFt
10,019
CountyMonroe
SubdivisionKey Largo Park (101.0)
Year Built1971
Property TypeCommercial
Property Sub TypeCommercial
Status
Active
SqFt
10,019
Address
100660 Overseas Highway
City
KEY LARGO
State
Florida
Postal Code
33037
County
Monroe
Subdivision
Key Largo Park (101.0)
Remarks
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.
Zoning
SC - Sub Urban Commercial District
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1971
1st Right of Refusal
no
As Is/Right To Inspect
no
Auction
no
Control Depth
0
Deed Restrictions
No
FEMA List
no
Legal
Contact Listing Agent (multiple legal descriptions)
IDX City Name
Key Largo
IDX County Name
Monroe
Latitude
25.104332
Longitude
-80.431046
Miscellaneous
Fencing, High Traffc Location, High Visibility, Highway Frontage
Total Number of Buildings
3
Total Units
7
Type 2
Boat Sales/Service,Other Services,Professional Service,Retail,Shop/Strip Center
Utilities
FKAA
Vehicle Storage: Car(s)
4+
Listing Price
$5,500,000
photo Count
7
Area
27 - Key Largo MM 97-107
Key/Island
Key Largo
Mile Marker
101
Parcel Number
00524300-000000
Street Name
Overseas Highway
Street Number
100660
Appliances
No Appliances
Cooling/Heating
Central Air
Floor
Tile
Number of Stories
1
SqFt Source
Tax Records
Bank Owned
no
Fee Includes
Other
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
For Sale/Lease
For Sale
HOA
no
Net Leasable Area
10019
Potential Short Sale
no
Tax Year
2021
Taxes
16418
Tenant Paid
Electric, Sewer, Taxes, Water
Terms
No Seller Finance
Rent/Lease
neither
Rent/Lease Price
$5,500,000
Construction
CBS
Dockage
None
Flood Zone
X
Land Size
1 Less Than 2 Acres
Lot Size
268x190
Lot SqFt
57482
Number of Parking Spaces
43
Roof
Other Roof
Side
right
Style
Commercial
Waterfront
no
Waterfront Type
None
Waterview
No Waterview
Request More Information - Listing ID 603272
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key 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
Similar Listings
Request More Information
Request More Information - Listing ID 603272
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key 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
Map
100660 Overseas Highway
KEY LARGO, FL 33037
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©2023 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: Wednesday, February 1st, 2023 at 02:39:13 AM.
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