100150 Overseas HwyKey Largo, FL 33037

Property Details for 100150 Overseas Hwy

Year built

1999

Lot size

1.63 AC

Property size (Sq ft)

2,436 SF

Property type

Office properties

Property subtype

Office buildings

APN

00087500-000300

APU

87500000300

Description

This exceptional, totally renovated, single-story office building presents a rare investment opportunity in the heart of Key Largo, Florida. Situated at Mile Marker 100 on Overseas Highway, this 2,436 square foot building boasts a prime location next to the Key Largo Post Office, offering excellent visibility and accessibility. The property includes a spacious 1,250 square foot open porch area, perfect for additional use or outdoor seating. The interior features a modern design with several private offices enclosed in glass, a conference room, and ADA-compliant bathrooms with new grey porcelain tile. High ceilings and large windows throughout provide ample natural light. The building also benefits from a convenient drive-through for two cars and a backup propane generator with an automatic transfer switch. The 1.63-acre lot (70,948 sq ft) includes a significant environmentally protected area buffer and recently acquired FDOT property extending to the sidewalk. The building's permitted zoning is SC. Built in 1999, this A-rated office building offers ample parking for both employees and customers, and prominent signage on Overseas Highway ensures high visibility. The asking price is $2,150,000, translating to $882.59 per square foot. The property's APN is 8497903. This is a truly unique opportunity to acquire a high-quality commercial property in a thriving Florida Keys location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,800,766

  6.5%

  $1,662,245

  7%

  $1,543,513

• Comparable approach

  Method

  Valuation

  Relative Method

  $812,594

  Geo Method

  $812,594

• Alternative Use

  Use

  Valuation

  Residential

  $2,061,184

  Hospitality

  $1,888,034

  Educational

  $1,570,822

  Medical

  $1,624,845

  Retail

  $2,443,500

Location Insight

City

Key Largo

County

Monroe

State

Florida

Latitude

25.0999

Longitude

-80.436

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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