131 Ellis DrTavernier, FL 33070

Property Details for 131 Ellis Dr

Year built

1957

Lot size

0.27 AC

Property size (Sq ft)

2,666 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

00490170-000000

APU

490170000000

Description

This exceptional mixed-use commercial property presents a rare investment opportunity in the desirable Tavernier, Florida Keys location. Situated on 131 Ellis Drive, this income-generating asset boasts a diverse portfolio of revenue streams. The property includes three residential apartments, providing consistent rental income. A highly visible commercial office space, strategically positioned on the Overseas Highway, offers significant potential for growth and profitability. Adding to the property's financial strength is a rented storage garage, generating an additional stream of passive income. This turnkey investment is ideal for savvy investors seeking a diversified portfolio with immediate cash flow. The property's prime location in the Florida Keys ensures high demand for both residential and commercial spaces, promising strong returns on investment. The combination of residential units, commercial office space, and storage facilities creates a resilient and lucrative investment opportunity. This property is ready for immediate occupancy and income generation. Serious inquiries only. Financial details are available upon request. Don't miss this chance to own a piece of the Florida Keys' thriving commercial market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,442,241

  6.5%

  $2,254,376

  7%

  $2,093,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,377,669

  Geo Method

  $1,377,669

• Alternative Use

  Use

  Valuation

  Residential

  $2,254,376

  Hospitality

  $2,064,996

  Educational

  $1,718,053

  Medical

  $1,777,139

  Retail

  $2,672,526

Location Insight

City

Tavernier

County

Monroe

State

Florida

Latitude

25.0155

Longitude

-80.5125

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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