91865 Overseas Highway $2,300,000

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    91865 Overseas Highway Key Largo, FL 33070

    • 10,150 sq. ft.
    • Commercial
    • MLS# 591361
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    Views: 7 Days On Site: 209

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    Property Details

    Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.

    • General Features
      • Land Size 1/4 - 1/2 Acre
      • Building Square Footage 10,150
      • For Sale or Lease For Sale
      • Type Office Buildings, Professional Service
      • Style Commercial
      • Fee Includes None
      • Subdivision Tavernier No 2 (91.5)
      • Key Island Key Largo
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Taxes $23,595
      • Tax Year 2019
    • Building Features
      • Appliances No Appliances
      • Construction CBS
      • Stories 2.0
    • Property Features
      • Dockage None
      • Side N/A
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities FKAA, Municipal Sewer
      • Zoning SC - Sub Urban Commercial District

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    Neighborhood

    33070 (Key Largo) Demographics

    50 Median Age
    1,245 Population Density (per sq. mile)
    44% College Educated
    $53,836 Estimated Median Income
    1,462 Estimated Total Home Owners
    604 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    5,433 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $517,000 Median Sales Price
    10 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,300,000
        11/2/2020 4:23:47 PM Price Reduced Source New Value: $2,300,000 -25.81%
        6/23/2020 1:24:00 PM New in Database Source New Value: $3,100,000

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        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 2021 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.