91865 Overseas Highway, Key Largo, FL 33070 (MLS# 591361)

91865 Overseas Highway, Key Largo, FL 33070

$1,400,000

Property Type: Commercial Bedrooms: 15 Baths: 10 Square Footage: 10,150 Lot Size (sq. ft.): 21,252 Status: Closed

Current Price: $1,400,000 List Date: 6/23/2020 Last Modified: 9/10/2024

Description

Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.

More Information MLS# 591361

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $1,400,000 Listing Date: 2020-06-16 Sold Price: $1,400,000

Location, Tax & Legal

City: Tavernier Off Shore Island: No Mile Marker: 91.5 Marathon Neighborhood: N/A Side: N/A Flood Zone: AE Alternate Key #: 1681946 Parcel #: 00555610-000000 Zoning: SC - Sub Urban Commercial District Legal: BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-1 Taxes: 23595.78 Tax Year: 2019 Street #: 91865 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33070 Subdivision: Tavernier No 2 (91.5) County: Monroe Area: 26 - Key Largo S of MM 96.9

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: .49 acres Lot SqFt: 21252 Total Units: 11 Off Street Parking: 12 # Stories: 2 SqFt Source: Seller Total # Buildings: 5 Building SqFt: 10150 Style: Commercial Living Apx SqFt: 10150 Year Built: 1936 Total Bedrooms: 15 Full Baths: 10 Total Baths: 10

Remarks & Misc

Remarks – Consumer: Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.

Association Info

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

Type

Office Buildings: 1 Professional Service: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

No Appliances: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-12-01 Sold Price: $1,400,000 Status: Closed

Property Features

Type: Office Buildings; Professional Service Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: CBS Land Size: 1/4 - 1/2 Acre Fee Includes: None

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 10 - 2024

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