27340 Overseas Highway, Ramrod Key, FL 33042 (MLS# 593971)

27340 Overseas Highway, Ramrod Key, FL 33042

$6,250,000

Property Type: Commercial Lot Size (sq. ft.): 72,845 Status: Closed

Current Price: $6,250,000 List Date: 1/04/2021 Last Modified: 9/09/2024

Description

Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

More Information MLS# 593971

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $6,250,000 Listing Date: 2021-01-04 Sold Price: $6,250,000

Location, Tax & Legal

City: Ramrod Off Shore Island: No Mile Marker: 27.5 Marathon Neighborhood: N/A Side: Ocean Alternate Key #: 1264229 Parcel #: 00200900-000000 Zoning: SC - Sub Urban Commercial District Taxes: 49808 Tax Year: 2020 Street #: 27340 Street Name: Overseas Street Suffix: Highway Key/Island: Ramrod Key State/Province: FL Zip Code: 33042 Subdivision: Breezeswept Bch Est (27.5) County: Monroe Area: 09 - Ramrod Key

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 4 Lot Size: 1.67 Acres Lot SqFt: 72845 Business Name: Looe Key Resort # Stories: 2 Building Ht. Ft.: 25 Building SqFt: 3969 Style: Commercial Year Built: 1958

Remarks & Misc

Remarks – Consumer: Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Bar: 1 Restaurant: 1

Fee Includes

Other: 1

Dockage

Dock: Other Boat Ramp: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1 Ocean View: 1

Construction

Other: 1

Land Size

1 Less Than 2 Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Propane: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-07-29 Sold Price: $6,250,000 Status: Closed

Property Features

Type: Bar; Restaurant Waterfront: Canal Front Waterview: Canal View; Ocean View Dockage: Boat Ramp Utilities: FKAA; Municipal Sewer; Propane Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: Other

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 09 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.