88901 Old HwyTavernier, FL 33070

Property Details for 88901 Old Hwy

Year built

1983

Lot size

0.14 AC

Property size (Sq ft)

2,580 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

00419295-000600

APU

419295000600

Description

This exceptional multi-family investment property in Tavernier, Florida, presents a unique opportunity. Located at 88901 Old Hwy, 33070, this property boasts a prime location with convenient access to both US 1 and Old Road. The three-story building offers a substantial 2,580 square feet of net rentable space, situated on a combined total of three lots encompassing 16,800 square feet. Constructed in 1983, the property benefits from a 140-foot frontage on both US 1 and Old Road, maximizing visibility and accessibility. The property is zoned NR - Native Residential, offering flexibility for various uses. The asking price is $1,800,000. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $2,362,988

  6.5%

  $2,181,220

  7%

  $2,025,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,332,992

  Geo Method

  $1,332,992

• Alternative Use

  Use

  Valuation

  Residential

  $2,181,220

  Hospitality

  $1,997,985

  Educational

  $1,662,300

  Medical

  $1,719,469

  Retail

  $2,585,800

Location Insight

City

Tavernier

County

Monroe

State

Florida

Latitude

24.9808

Longitude

-80.5483

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].