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91865 Overseas HWY Tavernier, FL 33070
10,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,150 sqft
MLS Listing ID A12024229
Construction Status Resale
HOA Y/N No
Annual Tax Amount $55,119
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Retail
Property 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.
Location
State FL
County Monroe
Area 5940 - Other Florida County
Direction See GPS
Interior
Flooring Tile
Fireplace No
Exterior
Parking Features Assigned, Free Parking, Guest
Total Parking Spaces 30
Building
Lot Description Corner Lot, 1/4 to 1/2 Acre Lot
Story 2
New Construction No
Construction Status Resale
Others
Pets Allowed No
Tax ID 00555610000000
Security Features Security System,Fire Alarm,Smoke Detector(s)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12024229
Listed by Clifford Fitz-Henry Cornell Cornell Commercial Real Estate
NEARBY SCHOOLS & PROPERTIES