102920 Overseas HwyKey Largo, FL 33037

Property Details for 102920 Overseas Hwy

Year built

2006

Lot size

0.34 AC

Property size (Sq ft)

2,489 SF

Property type

Office properties

Property subtype

Office buildings

APN

00549450-000000

APU

549450000000

Description

This exceptional Key Largo commercial property, located at 102920 Overseas Highway, offers a unique investment opportunity. The 3-story, 2006-built building boasts 2,489 square feet on the ground floor and an additional 1,350 square feet on the second floor, totaling approximately 3,839 square feet. The ground floor features ADA accessibility and custom trim. The building showcases a striking Key West architectural style, complete with a wrap-around veranda, a metal roof, and impact windows. Fresh exterior paint enhances its curb appeal. Ample parking is available. Situated in a X flood zone, this bayside location offers peace of mind and is conveniently located near John Pennekamp Coral Reef State Park, one hour from Miami Airport, and 20 minutes from Ocean Reef Club. The property benefits from 150 feet of highway frontage, ensuring high visibility. Currently leased to multiple businesses, this property presents strong income-generating potential. The asking price is $2,650,000. This versatile space is ready for customization to suit a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,840,617

  6.5%

  $1,699,031

  7%

  $1,577,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $830,544

  Geo Method

  $830,544

• Alternative Use

  Use

  Valuation

  Residential

  $2,106,798

  Hospitality

  $1,929,816

  Educational

  $1,605,584

  Medical

  $1,660,803

  Retail

  $2,497,576

Location Insight

City

Key Largo

County

Monroe

State

Florida

Latitude

25.1309

Longitude

-80.4088

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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