For Sale
$1,150,000

30200 Overseas HwyBig Pine Key, FL 33043

High-return retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial investment opportunity presents a 3,200 square foot retail property situated at Mile Marker 30 on Overseas Highway in Big Pine Key, Florida (33043). Currently operating as a fully occupied multi-tenant shopping center and storefront, this property boasts a prime location with excellent visibility due to its 120-foot frontage on Overseas Highway and a depth of 167 feet. The property sits on a large 20,150 square foot lot (nearly half an acre), offering significant potential for expansion. The existing single-story building is currently leased to four tenants on month-to-month agreements, presenting an immediate opportunity to increase rental income. The asking price is $1,150,000, with a projected 5.00% cap rate. The property's commercial zoning allows for a variety of uses. Ample parking is available in front of the building and within the Florida Department of Transportation right-of-way. A large vacant area at the rear of the building provides additional potential for income generation through parking, storage, or the construction of additional structures. This property represents a rare opportunity, having not been on the market since 1977. This is a gross lease property with a remaining lease term of one year.

Highlights

  • 3,200 SF retail property in Big Pine Key, FL (33043) at Mile Marker 30 on Overseas Highway.
  • Fully occupied multi-tenant building with 120' of highway frontage and 167' depth on a 20,150 SF lot.
  • Four month-to-month tenants offer immediate income-growth potential.
  • $1,150,000 asking price with a projected 5.00% cap rate.
  • Commercial zoning allows for diverse uses; ample parking available.

Property Details for 30200 Overseas Hwy

Property type
Lifestyle centers, Power centers
Square Feet
3,200 SF

Location Insight

City
Big Pine Key
County
Monroe
State
Florida
Latitude
24.6693345
Longitude
-81.3614461
30200 Overseas Hwy, Big Pine Key, Florida

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30200 Overseas Hwy
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