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106240 Overseas Hwy 4,784 sq ft Office Property Key Largo, FL 33037 £1,447,273 (£302.52/sq ft)
Investment Highlights
- One of the first buildings as you enter the Keys with prime US1 exposure.
- 2 commercial lots.
Executive Summary
One of the first high visibility buildings as you enter into Key Largo on just under a half an acre of commercial property. This yellow two story office has 3936 SqFt under a/c and 900 SqFt of covered porch/parking. The ground floor north side is 1,300 SqFt and is currently leased to the Visitor's Center. The ground floor south side is 1,200 SqFt and the second story is 1,400 SqFt available for lease at $51.00 per SqFt (this is the base price plus their percentage of taxes, insurance and maintenance costs). This property is available for purchase and/or lease. New metal roof was installed in 2024. The back two lots are fenced and currently used as a storage area. Assumable SBA 504 loan in the amount of approximately $1,642,000 with a 25 year amortization rate.
Property Facts Under Offer
Sale Type
Investment
Sale Conditions
Property Type
Property Size
4,784 sq ft
Costar Property Class
C
Year Built
1994
Price
£1,447,273
Price per sq ft
£302.52
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,392 sq ft
Plot ratio
0.24
Total Plot Size
0.47 ac
Use Class
SC - Suburban Commercial
Parking
7 Spaces (1.46 Spaces per 1,000 sq ft Leased)
Amenities
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00535840-000000 | Improvements Assessment | £255,912 |
| Land Assessment | £900,428 | Total Assessment | £1,156,340 |
Property Taxes
Parcel Number
00535840-000000
Land Assessment
£900,428
Improvements Assessment
£255,912
Total Assessment
£1,156,340
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106240 Overseas Hwy
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