91865 Overseas Hwy, Tavernier, FL 33070
91865 Overseas Hwy, Tavernier, FL 33070
91865 Overseas Hwy, Tavernier, FL 33070
91865 Overseas Hwy, Tavernier, FL 33070
91865 Overseas Hwy, Tavernier, FL 33070
91865 Overseas Hwy, Tavernier, FL 33070
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Lyka Mohammed

Lyka Mohammed

+1(786) 982-0314
$ 5,999,000
Est. payment | /mo

10,150 SqFt

Save Virtual Tour
$ 5,999,000
Est. payment | /mo
Save Virtual Tour

10,150 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,150 sqft

Price per Sqft $591

MLS Listing ID A12024229

HOA Y/N No

Annual Tax Amount $55,119

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions 143

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 Florida Other

Zoning SC - MULTI-USE

Direction See GPS

Interior

Flooring Tile

Exterior

Roof Type Metal

Total Parking Spaces 30

Private Pool Yes

Building

Lot Description Flood Zone

Story 2

Level or Stories Two

Structure Type CBSConcreteBlockStructure,Block

Others

Tax ID 00555610-000000

Ownership Corporation

Security Features Security System,Smoke Detector(s)

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12024229

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Cornell Commercial Real Estate

Nearby Locations

Lyka Mohammed

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(786) 982-0314

lyka.m@theabbasgroup.com

11010 SW 88th St Ste 200, Miami, FL 33176, USA

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91865 Overseas Hwy