11600 Overseas Highway $1,699,999
- 7,130 sq. ft.
- Commercial
- MLS# 590653
Listing provided courtesy of: Coldwell Banker Schmitt Real Estate Co.
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Property Details
3.8%-4.6%. End of lease term is 2032 however Tenant willing to sign an additional 5 year option with 10% rent increase providing you a CAP of 4.6%. NNN + Lease with no expenses to the owner whatsoever. No need for property manager here as Tenant has been there 28 years and has recently remodeled the entire building and adding additional renovations by year end 2020. Located just south of Vaca cut bridge Directly off US 1. Well established National Tenant maintains all property taxes, insurance, and property maintenance approx. 35k annually. New roof 2018, new interior walls, paint, electric, lighting, insulation, breaker boxes, updated bathroom, added extra bathroom in 2018. Recent appraisal for Building based on size and square footage of $1,699,999. Appraisal available upon request
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General Features
- Land Size Less Than 1/4 Acre
- Building Square Footage 7,130
- For Sale or Lease For Sale
- Type Auto Care
- Style Commercial
- As Is Right to Inspect Yes
- Fee Includes None
- Subdivision Key Colony Sub (53.0)
- Key Island Marathon
- Miscellaneous High Traffc Location, High Visibility, Highway Frontage, Security System
- Off Shore Island No
- Potential Short Sale No
- Bank Owned No
- Terms Buyer Obtain Finance
- Taxes $9,685
- Tax Year 2019
- Deed Restrictions No
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Building Features
- Appliances No Appliances
- Cooling/Heating Central A/C
- Construction CBS
- Flooring Concrete, Tile Floor
- Roof Metal Roof
- Stories 1.0
- Windows/Doors Glass Doors, Other Windows/Doors
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Property Features
- Dockage None
- Garage Spaces 4+
- Garage/Parking Common Parking, Off Street Parking
- Side Bay/Gulf
- Water View No Waterview
- Waterfront Property No
- Waterfront Type None
- Utilities FKAA, Municipal Sewer
- Tenant Pays Electric, Garbage, Insurance, Sewer, Taxes, Water
- Zoning RM - Residential Medium
Contact
Neighborhood
33050 (Marathon) Demographics
43 Median Age
1,036 Population Density (per sq. mile)
35% College Educated
$52,250 Estimated Median Income
2,067 Estimated Total Home Owners
1,429 Estimated Total Renters
59% / 41% Estimated Owner / Renter Divide
4 Estimated Average Household Size
9,417 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$494,000
Median Sales Price
42
Homes Sold
57
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
| Date | Price |
|---|---|
| -- | New Value: $1,699,999 |
| 7/20/2020 3:24:27 PM | New Value: $1,699,999 |
| 4/27/2020 11:24:00 AM | New Value: $1,750,000 |
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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2020 Florida Keys Board of REALTORS®, Inc. All rights reserved.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.