102970 Overseas HwyKey Largo, FL 33037

Property Details for 102970 Overseas Hwy

Year built

1991

Lot size

0.47 AC

Property size (Sq ft)

2,400 SF

Property type

Office properties

Property subtype

Office buildings

APN

00549410-000000

APU

549410000000

Description

This exceptional Class A retail property, located at 102970 Overseas Highway in Key Largo, Florida (33037), offers 20,092 square feet on a 0.46-acre lot. Built in 1991 and renovated in 2012, the freestanding building boasts 2,400 square feet of professional space, plus an additional 975 square feet of storage/retail space, and a 3,186 square foot total including porch and covered patio. The property features a 10-15 foot clear ceiling height, handicap access, multiple restrooms, and security cameras. The building is 100% air-conditioned. Previously a thriving bait and tackle shop, the sale includes existing inventory, equipment, and live bait tanks (including a 660-gallon tank and three 310-gallon tanks), and coolers. High-end interior features include cherry display slatwall, gondolas, display cases, point-of-sale stations, and a rod repair station. The property's prime location directly on Overseas Highway at Mile Marker 102.9 provides unparalleled visibility and accessibility. This versatile space is ideal for various businesses, presenting endless entrepreneurial possibilities. The asking price is $3,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,774,798

  6.5%

  $1,638,276

  7%

  $1,521,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $800,845

  Geo Method

  $800,845

• Alternative Use

  Use

  Valuation

  Residential

  $2,031,462

  Hospitality

  $1,860,808

  Educational

  $1,548,170

  Medical

  $1,601,414

  Retail

  $2,408,265

Location Insight

City

Key Largo

County

Monroe

State

Florida

Latitude

25.1313

Longitude

-80.4087

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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