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Paul Tejera
Paul Tejera
(305) 393-2156paultejera@cbschmitt.com
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    paultejera@cbschmitt.com
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  • Coldwell Banker Schmitt Real Estate Co.
    85996 US Highway #1
    Islamorada, FL 33036
    (305) 393-2156
    paultejera@cbschmitt.com

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    MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

    $5,500,000
    Off Market

    100660 Overseas Highway

    KEY LARGO, FL 33037
    #603272
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    Type:Purchase
    Structure:Commercial
    Zone:Residential

    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.

    Location

    Legal

    Notice: This listing provided courtesy of Florida Keys MLS (FLKEYSMLS). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.

    Last Updated: Yesterday at 10:35 PM. Source: FLKEYSMLS

    Provided By
    Listing Agent: Philip Kravitz (#3376345), Phone: (305) 783-7983, Email: philipkravitz@cbschmitt.com
    Listing Office: Coldwell Banker Schmitt Key Largo (#3211)

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