91865 Overseas Highway,Tavernier, FL 33070
Tavernier, FL 33070
Description
Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community. The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units. Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years. A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.
Details
| MLS # | A12024229 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 137 |
| Listing Provided By | Cornell Commercial Real Estate | Clifford Fitz-Henry Cornell |
Features
| SQ Feet | 10,150 |
|---|---|
| Story(s) | 2 |
| Building(s) | 5 |
| Zoning | SC - MULTI-USE |
| Acreage | 0.49 |
Exterior
| Lot Features | Corner Lot, Quarter To Half Acre Lot |
|---|
Parking
| Parking Features | Assigned, Free Parking, Guest |
|---|
Taxes
| Tax Annual Amount | 55119 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | Tavernier |
| Zip Code | 33070 |
| Area | 5940 Other Florida County |
| Listing VS Median (in 33070) | |
Price: $5,999,000 low | high Med: $1,125,000 sqft: 10,150 low | high Med: 1,542 $ / sqft: $591 low | high Med: $782 On site: 137 low | high Med: 115.5 | |
Market Activity 33070
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | Tavernier |
| Zip Code | 33070 |
| Area | 5940 Other Florida County |
| Listing VS Median (in 33070) | |
Price: $5,999,000 low | high Med: $1,125,000 sqft: 10,150 low | high Med: 1,542 $ / sqft: $591 low | high Med: $782 On site: 137 low | high Med: 115.5 | |