91760 Overseas HwyTavernier, FL 33070

Property Details for 91760 Overseas Hwy

Year built

1987

Lot size

0.16 AC

Property size (Sq ft)

2,562 SF

Property type

Office properties

Property subtype

Office buildings

APN

00090160-000100

APU

90160000100

Description

This exceptional commercial property, located at 91760 Overseas Highway in Tavernier, Florida, presents a unique investment opportunity. Situated in the heart of Tavernier's business district, this building offers unparalleled visibility and accessibility directly off US1. The concrete structure, originally a Red Cross shelter, benefits from a no-flood X zone designation and has undergone significant improvements. These include updated impact-resistant windows and doors, a durable metal roof, and substantial storage space around the second-floor roofline. The building features flexible office spaces on both floors, including several private offices, two kitchenettes, two bathrooms, and a shared conference room on the second floor. The property boasts convenient street-to-street access with parking available on both Tavernier Street and US1, including designated handicap parking. Existing month-to-month leases provide flexibility, and the building is equipped with electricity, Wi-Fi, security cameras, and 24-hour access. Many units are furnished with desks, chairs, and file cabinets. High-traffic location, highly visible highway signage, and excellent curb appeal with a convenient curb-cut entry make this an ideal location for businesses seeking a prominent presence in Tavernier's thriving commercial center. The asking price is $1,599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,892,665

  6.5%

  $1,747,076

  7%

  $1,622,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $854,125

  Geo Method

  $854,125

• Alternative Use

  Use

  Valuation

  Residential

  $2,166,374

  Hospitality

  $1,984,387

  Educational

  $1,650,986

  Medical

  $1,707,766

  Retail

  $2,568,201

Location Insight

City

Tavernier

County

Monroe

State

Florida

Latitude

25.0085

Longitude

-80.5186

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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