Overview

  • 1968
  • Year Built

Description

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.

  • Address Overseas Hwy
  • City Key Largo
  • State/county Monroe County
  • Zip/Postal Code 33037

Details

Updated on May 5, 2022 at 7:28 pm
  • Price: $4,300,000
  • Year Built: 1968
  • Property Status: Commercial Sale

Additional details

  • ShowingInstructions: Appointment Only, Call Listing Agent, No Sign
  • LeaseAssignableYN: no
  • ListAgentKey: 6c25ed35041bcc5c2565add62008a757
  • TaxLegalDescription: SUNSET COVE PB1-165 KEY LARGO LOTS 43 THRU 48 SQR 11 OR6-499/500 OR227-66/67 OR804-432D/C RE 50528 THRU 50530 COMBINED FOR ASSESSING PURPOSE
  • OnMarketDate: 2021-09-07
  • ListAgentEmail: joel@cjoelyoung.com
  • ContractStatusChangeDate: 2022-04-25
  • MajorChangeTimestamp: 2022-04-25T19:29:10.573Z
  • Flooring: Carpet, Other, Tile
  • PhotosCount: 17
  • SubAgencyCompensation: 1%
  • StatusChangeTimestamp: 2022-04-25T19:29:10.573Z
  • SecurityFeatures: Smoke Detector(s)
  • PriceChangeTimestamp: 2021-09-07T15:10:26.337Z
  • ListingKeyNumeric: 362268567
  • MajorChangeType: Active Under Contract
  • ListingContractDate: 2021-09-07
  • Zoning: SC
  • ListAOR: A-Miami Association of REALTORS
  • TaxAnnualAmount: 14834
  • ListOfficeName: American Caribbean Real Estate
  • OriginatingSystemKey: miamire
  • BusinessType: Office Space, Restaurant/Bar
  • DualVariableCompensationYN: yes
  • PhotosChangeTimestamp: 2021-09-11T15:32:23.064Z
  • RoadFrontageType: County Road, Highway
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 305-451-4078
  • MlsStatus: Active With Contract
  • StreetNumber: 99411
  • LeaseTerm: 1 To 3 Year Lease
  • ListingKey: df13ca29d054672dcb63e14fb592b658
  • StateOrProvince: FL
  • ShowingContactType: Agent
  • ListOfficeKey: ae8f6be46a2fa2d6028d31a7b8b1688d
  • Directions: North bound side of US1 at mile marker 99.4. Corner of US1 & Ocean Bay Dr
  • BridgeModificationTimestamp: 2022-04-25T19:31:25.462Z
  • ListAgentFullName: Joel Young
  • Roof: Composition Roll, Concrete
  • PropertyCondition: New Construction
  • ListAgentOfficePhone: 305-451-4078
  • Stories: 2
  • ParcelNumber: 00505270-000000
  • ListingTerms: Other Lease Terms, All Cash, Conventional/Refinance
  • SignOnPropertyYN: no
  • LeaseRenewalOptionYN: no
  • YearBuiltDetails: New Construction
  • Possession: Other, Rental Agreement
  • LeaseConsideredYN: yes
  • IDXParticipationYN: yes
  • InternetAddressDisplayYN: yes
  • Contingency: Pending Inspections
  • ApprovalStatus: Unapproved
  • ListAgentMlsId: 3223001
  • WaterSource: Public
  • StoriesTotal: 2
  • ModificationTimestamp: 2022-04-25T19:29:10.573Z
  • OriginatingSystemID: miamire
  • LandLeaseYN: no
  • DaysOnMarket: 230
  • TransactionBrokerCompensation: 3%
  • BuyerAgencyCompensationType: %
  • NetOperatingIncome: 200000
  • ListOfficeMlsId: ACAR01
  • Inclusions: Building & Land, Leases, Leases
  • ListAgentDirectPhone: 305-432-6610
  • PendingTimestamp: 2022-04-25T04:00:00.000Z
  • StreetNumberNumeric: 99411
  • ParkingFeatures: Common, Free Parking
  • PostalCodePlus4: 2458
  • NumberOfUnitsInCommunity: 8
  • Sewer: Public Sanitation
  • ExpirationDate: 2022-08-18
  • SyndicationRemarks: 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.
  • Heating: Central Electric
  • StructureType: Commercial, Lounge, Office/Retail, Restaurant
  • ListAgentStateLicense: 3223001
  • ListOfficeFax: 305-451-5299
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 32
  • ListingId: A11094974
  • WindowFeatures: Clear Impact Glass, Partial Accordian Shutters
  • SpecialListingConditions: Sale
  • NumberOfBuildings: 1
  • OriginalListPrice: 4300000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: yes
  • BuyerAgencyCompensation: 3%
  • InternetAutomatedValuationDisplayYN: yes
  • AccessibilityFeatures: Handicap Parking
  • TaxYear: 2021
  • BuildingFeatures: Automobile Traffic, Awning/Hurricane Covers, Exterior Lighting, Other Licenses, Private Restrooms, Restaurant, Showroom
  • OriginalEntryTimestamp: 2021-09-07T16:25:30.860Z
  • SourceSystemKey: 362268567
  • LotFeatures: Corner Lot
  • DocumentsAvailable: Aerial Photo(S), Financial Statement, Copy Of Lease(S), Photos, Rent Rolls, Title/Abstracts
  • ConstructionMaterials: CBS Construction
  • LotSizeSquareFeet: 39140
  • TenantPays: A/C & Heating Maintenance, Common Area Maintenance, Electricity, Sewer, Water
  • InternetConsumerCommentYN: yes
  • BuildingAreaTotal: 14454
  • TransactionBrokerCompensationType: %
  • HabitableResidenceYN: no

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