99222 Overseas Highway, Key Largo, FL 33037

$4,750,000
Property Type: Commercial Sale Square Footage: 5,000 Lot Size (sq. ft.): 31,250 Status: Active
Current Price: $4,750,000 List Date: 7/01/2025 Last Modified: 10/07/2025

Description

Iconic Key Largo Landmark - An extraordinary opportunity to own one of Key Largo's most recognizable buildings—home to the world-renowned Wyland Whaling Wall! Suburban Commercial Zoning, this four-story concrete structure offers 5,000 sq ft of finished interior space and exceptional visibility with 500' of highway frontage consisting of both northbound and southbound lanes of U.S. 1. Currently, the ground floor is leased to a thriving dive shop and second floor is also occupied, while the remaining two levels present endless potential for redevelopment or expansion. This unique commercial property spans one developed lot with commercial building which occupies 1,250sqft and includes an additional 9 undeveloped lots, totaling 31,250 sqft of land allowing for additional expansion. With its prime location and income potential, this is a rare investment opportunity in the heart of the Florida Keys. Whether you're looking to capitalize on its existing revenue or envision a new chapter for this legendary site, the possibilities are endless!

More Information MLS# 615645

Contract Information

Listing Board: Florida Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $4,750,000 Listing Date: 2025-07-01 List Price: $4,750,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 99.5 Marathon Neighborhood: N/A Side: Median Flood Zone: X Alternate Key #: 1622362 Parcel #: 00504450-000000 Zoning: SC - Sub Urban Commercial District Legal: BK 10 LT 16 SUNSET COVE KEY LARGO KEY LARGO OR567-901 OR649-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-1350 OR Taxes: 7385.34 Tax Year: 2024 Street #: 99222 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Sunset Cove (99.5) County: Monroe Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 250x125 Lot SqFt: 31250 Total Units: 0 # Stories: 4 SqFt Source: Tax Records Total # Buildings: 1 Building SqFt: 5000 Style: Commercial Living Apx SqFt: 5000 Year Built: 1954

Remarks & Misc

Remarks – Consumer: Iconic Key Largo Landmark - An extraordinary opportunity to own one of Key Largo's most recognizable buildings—home to the world-renowned Wyland Whaling Wall! Suburban Commercial Zoning, this four-story concrete structure offers 5,000 sq ft of finished interior space and exceptional visibility with 500' of highway frontage consisting of both northbound and southbound lanes of U.S. 1. Currently, the ground floor is leased to a thriving dive shop and second floor is also occupied, while the remaining two levels present endless potential for redevelopment or expansion. This unique commercial property spans one developed lot with commercial building which occupies 1,250sqft and includes an additional 9 undeveloped lots, totaling 31,250 sqft of land allowing for additional expansion. With its prime location and income potential, this is a rare investment opportunity in the heart of the Florida Keys. Whether you're looking to capitalize on its existing revenue or envision a new chapter for this legendary site, the possibilities are endless!

Association Info

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

Type

Apartment 3 or more: 1 Boat Sales/Service: 1 Office Buildings: 1 Professional Service: 1 Retail: 1 Other Services: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

No Appliances: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

CBS: 1 Concrete: 1

Land Size

1/2 - Less Than 1 AC: 1

Utilities

FKAA: 1 Individual Swr Plant: 1

Title

Title Ins - Buyer: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Apartment 3 or more; Boat Sales/Service; Office Buildings; Professional Service; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Individual Swr Plant Appliances: No Appliances Miscellaneous: High Traffc Location; High Visibility; Highway Frontage Construction: CBS; Concrete Land Size: 1/2 - Less Than 1 AC Fee Includes: None Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: October - 07 - 2025
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.