10,150 SqFt
10,150 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $639
Subdivision Tavernier No 2 (91.5)
MLS Listing ID 619962
HOA Y/N No
Year Built 1936
Annual Tax Amount $55,119
Tax Year 2025
Lot Size 0.485 Acres
Acres 0.49
Lot Dimensions 21140
Property Sub-Type Commercial
Land Area 10150
Property Description
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 26 - Key Largo S Of Mm 96.9
Zoning SC - Sub Urban Commercial District
Direction MM 91.8 Oceanside. See GPS
Interior
Heating Central
Cooling Wall/Window Unit(s), Ceiling Fans(s), Central Air
Flooring Tile
Appliance Dryer, Washer, Range, Refrigerator
Exterior
Parking Features Common Parking, Off Street, Assigned
Utilities Available FKAA, Municipal Sewer
Waterfront Description None
Roof Type Metal Roof, Shingle Roof
Garage No
Others
HOA Fee Include None
Tax ID 00555610-000000
Miscellaneous High Visibility, Highway Frontage, High Traffic Location, Patio, Security System
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry