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91865 Overseas Highway, Key Largo, FL 33070

$1,400,000
Property Type: Commercial Bedrooms: 15 Baths: 10 Square Footage: 10,150 Lot Size (sq. ft.): 21,252 Status: Closed
Current Price: $1,400,000 List Date: 6/23/2020 Last Modified: 9/10/2024

Overview

Description

Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.

Listing Details MLS# 591361

Location, Tax & Legal

Street #
91865
Street Name
Overseas
Street Suffix
Highway
Key/Island
Key Largo
State/Province
FL
Zip Code
33070
Subdivision
Tavernier No 2 (91.5)
County
Monroe
Area
26 - Key Largo S of MM 96.9
City
Tavernier
Off Shore Island
No
Mile Marker
91.5
Marathon Neighborhood
N/A
Side
N/A
Flood Zone
AE
Alternate Key #
1681946
Parcel #
00555610-000000
Zoning
SC - Sub Urban Commercial District
Legal
BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-1
Taxes
23595.78
Tax Year
2019

Contract Information

Listing Board
Key West Association
Limited Representation
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
21252
Waterfront
No
Off Street Parking
12
# Stories
2
Total # Buildings
5
Building SqFt
10150
SqFt Source
Seller
Living Apx SqFt
10150
Total Units
11
Year Built
1936
Total Bedrooms
15
Full Baths
10
Total Baths
10
Control Depth
0

Status Change Info

Sold Date
2021-12-01

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.

Type

Office Buildings
Yes
Professional Service
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Appliances

No Appliances
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

CBS
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Property Features

Type: Office Buildings; Professional Service Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: CBS Land Size: 1/4 - 1/2 Acre Fee Includes: None
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: September - 10 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.