103400 Overseas HwyKey Largo, FL 33037
- Retail properties
- 61,083 SF
Property Details for 103400 Overseas Hwy
- Year built
- 1986
- Lot size
- 3.49 AC
- Property size (Sq ft)
- 61,083 SF
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 00468472-009700
- APU
- 468472009700
Description
Pink Plaza presents a unique investment opportunity in the heart of Key Largo. This two-story, 57,773 square foot retail and office building boasts a diverse tenant mix, ensuring stability and strong historical occupancy over the past decade. The property is exceptionally well-maintained, having recently undergone significant capital improvements. A major West Marine store serves as a key anchor tenant, contributing to the center's consistent success. The flexible space options range from a minimum of 90 square feet to a maximum contiguous space of 200 square feet, with a total of 200 square feet currently vacant, making it ideal for a variety of businesses. The property's zoning is designated as SC (Shopping Center), reflecting its established retail focus. Pink Plaza offers a compelling blend of retail and office spaces, catering to a wide spectrum of businesses, including restaurants, service providers, retailers (both hard and soft goods), government agencies, medical practices, and professional offices. With ample parking (262 spaces), Pink Plaza stands out as one of the few true shopping centers in the Upper Keys, providing a strategic advantage for prospective tenants and investors alike. The current occupancy rate demonstrates the property's enduring appeal and potential for continued growth. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $66,405,748
- 6.5%
- $61,297,612
- 7%
- $56,919,212
-
Comparable approach
- Method
- Valuation
- Relative Method
- $51,367,088
- Geo Method
- $51,367,088
-
Alternative Use
- Use
- Valuation
- Residential
- $51,706,832
- Hospitality
- $47,363,180
- Educational
- $39,405,608
- Medical
- $40,760,828
- Retail
- $61,297,612
Location Insight
- City
- Key Largo
- County
- Monroe
- State
- Florida
- Latitude
- 25.1363
- Longitude
- -80.4043
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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