103900B Overseas HwyKey Largo, FL 33037

Property Details for 103900B Overseas Hwy

Property size (Sq ft)

7,471 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fully operational, iconic restaurant and bar situated on a prime 1.15-acre waterfront lot in Key Largo, Florida. The property, located at 103900B Overseas Hwy, boasts 144 feet of highly visible frontage on Overseas Highway, ensuring maximum exposure. The 7,471 square foot restaurant, encompassing three buildings on a single story, underwent extensive renovations in 2020, resulting in a modern and inviting space. Features include interior air conditioning, a stunning glass-walled dining area, and a captivating outdoor tiki bar and dining area. The property also includes 10 boat slips and an additional 0.28 acres of bay bottom ownership. The sale includes all restaurant furniture, fixtures, and equipment, making this a truly turnkey operation. Ample parking is available, and the property is zoned MU - Mixed Use Commercial. The current occupancy is 100%, with a 6.04% cap rate and an asking price of $7,995,000. This is a rare chance to acquire a thriving, established business in a highly desirable waterfront location. The total lot size is 50,190 square feet. Don't miss this opportunity to own a piece of Key Largo's vibrant culinary scene.

Location Insight

City

Key Largo

County

Monroe

State

Florida

Latitude

25.1438

Longitude

-80.3984

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