REQUEST A TOUR
$ 6,495,000
Est. payment | /mo
10,150 SqFt
$ 6,495,000
Est. payment | /mo
10,150 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $639
MLS Listing ID A12024229
HOA Y/N No
Annual Tax Amount $55,119
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 143
Property Sub-Type Retail
Property Description
Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community. The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units. Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years. A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.
Location
State FL
County Monroe
Area 98 Florida Keys
Direction See GPS
Interior
Flooring Tile
Exterior
Total Parking Spaces 30
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 00555610-000000
Ownership Corporation
Security Features Security System,Smoke Detector(s)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12024229
Listed by Cornell Commercial Real Estate
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs