Description
Invest in paradise! This trophy property is a 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.
Overview
Address: 100660 Overseas Highway, Key Largo FL 33037
City: Key Largo
State/County: Monroe County
Zip: 33037
Country: United States
Open In Google MapsProperty Id : 126157
Price: $ 5,500,000
Other Features
Balcony
Built-In Grill
Can Raise Horses
Electrical Utility Available
Elevator
Exterior Cat Walk
Exterior Lights
First Floor Entry
Fruit Trees
Has a View
Has Cooling System
Has Heating System
Has Waterfront
Home Owners Association
Interior Hall
New Construction
Open Balcony
Open Parking
Other
Other Equipment/Appliances
Outdoor Shower
Property Attached
Room For Pool
Spa
Stairs
