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100660 Overseas Highway

Key Largo, FL 33037
  • $5,500,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: A11310611
UPDATED: 37 min ago
$5,500,000
  • 0
    BEDS
  • 1.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1971
County:

School Ratings & Info

Description

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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Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-03-23T13:51:10.587.
www.miamirealestatesharks.com/homes/135194697
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100660 Overseas Highway Key Largo, FL 33037

  • Price: $5,500,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 37 min ago
  • MLS #: A11310611
0
Beds
0
Baths
0
½ Baths
1.32
Acres
1971
Built
County:
Monroe
Property Description
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.
Exterior Features

Construction Materials Cbs Construction Inclusions Building & LandLeases Lot Features Central Business DistrictCorner LotShopping Center Parking Features Free ParkingGuest Parking Total 43 Pool Private YN No Road Frontage Type Main ThoroughfareHighway Roof Other View YN No Waterfront YN No

Interior Features

Building Area Total 10019 Cooling Central Building A/C Flooring Tile Heating Central Electric Heating YN Yes

Property Features

Association YN No Business Type Store/Warehouse CombinationStrip Store Cooling YN Yes Horse YN No Land Lease YN No Lease Considered YN Yes Lease Term Month To Month Listing Terms Subject To LeaseAll CashConventional/Refinance New Construction YN No Property Sub Type Retail Sewer Public Sanitation Special Listing Conditions Sale Structure Type Free Standing Tenant Pays Inside InsuranceReal Estate TaxWater Water Source Public Zoning Suburban Commercial

Listing courtesy of Coldwell Banker Schmitt R.E.: 305-451-4422.


Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-03-23T13:51:10.587.
 
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