100660 Overseas Highway ,Retail, Free Standing for Sale & Rent

100660 Overseas Highway for Sale & Rent

Price $5,500,000.00

• Lot size 57482
• Year Build 1971
• Waterfront
• Zip 33037
• Style
• Parking Description Free Parking, Guest
• Pool Yes
• Status Active

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.

Please do not disturb the current businesses.

Contact Listing Agent (multiple legal descriptions)

Central Business District, Corner Lot, Shopping Center

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.

City:Key Largo,Zoning:Suburban Commercial,List A O R:A-Miami Association of REALTORS,Latitude:25.1043749,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:5500000,Listing Id:A11310611,Longitude:-80.4311077,Mls Status:Active,Year Built:1971,Inclusions:Building & Land,Leases,Postal Code:33037,Street Name:Overseas Highway,Tenant Pays:1:Real Estate Tax,2:Water,Coordinates:1:25.1043749,Lot Features:1:Corner Lot,2:Shopping Center,Photos Count:7,Business Type:1:Strip Store,Days On Market:125,Listing Terms:1:All Cash,2:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2022-11-30,Parcel Number:Multiple,Parking Total:43,Property Type:Commercial Sale,Street Number:100660,Public Remarks: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.,County Or Parish:Monroe County,Expiration Date:2023-06-28,List Office Name:Coldwell Banker Schmitt R.E.,Private Remarks:Please do not disturb the current businesses.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Guest,Property Sub Type:Retail,State Or Province:FL,Unparsed Address:100660 Overseas Highway, Key Largo FL 33037,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:Highway,Building Area Total:10019,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Dimensions:268x190,Lot Size Square Feet:57482,M I A M I R E_ For Sale Y N:1,Number Of Buildings:3,Original List Price:5500000,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2022-11-30,Originating System I D:miamire,Street Number Numeric:100660,Tax Legal Description:Contact Listing Agent (multiple legal descriptions),Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,Contract Status Change Date:2022-11-30,Internet Address Display Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,