$7,500,000
Key Largo, FL 33070
MLS# 607387
5248 sqft
1 / 11
Property Description
TURN KEY INVESTOR'S DREAM! This incredible commercial mixed use property is offering top of the line quality materials, updates, attention to details and substantial revenue. The Tavernier hotel has been re-done inside & out. The property features tile floors throughout, new zebra shades, high impact windows and doors, 2023 shingle roofs, new pavers, new exterior lights, new plumbing, new electrical panel, new stucco and paint throughout the entire property, updated furnished & equipped residential units, new A\C units and market rent leases bringing in over $500,000 a year! 9 residential units leased at market value and 5 commercial units leased with long term tenants. Owner financing available at 7% with 50% down. DON'T LOOK AWAY FROM THIS UNIQUE OPPORTUNITY TO OWN AN HISTORICAL LANDMARK IN TAVERNIER.
Details
Maps
Documents
Contract Information
Current Price: $7,500,000
Listing Date: 2023-11-10
Listing Board: Florida Keys
List Price: $7,500,000
Limitd Reprsntation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 91865
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Off Shore Island: No
Subdivision: Tavernier No 2 (91.5)
Mile Marker: 91.5
County: Monroe
Area: 26 - Key Largo S of MM 96.9
Marathon Neighborhood: N/A
Side: Ocean
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-
Taxes: 15247.82
Tax Year: 2022
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 0.485 acres / 21,140 sf
Lot SqFt: 21140
Waterfront: No
Building SqFt: 9878
Living Apx SqFt: 5248
Year Built: 1936
Remarks & Misc
Remarks – Consumer: TURN KEY INVESTOR'S DREAM! This incredible commercial mixed use property is offering top of the line quality materials, updates, attention to details and substantial revenue. The Tavernier hotel has been re-done inside & out. The property features tile floors throughout, new zebra shades, high impact windows and doors, 2023 shingle roofs, new pavers, new exterior lights, new plumbing, new electrical panel, new stucco and paint throughout the entire property, updated furnished & equipped residential units, new A\C units and market rent leases bringing in over $500,000 a year!
9 residential units leased at market value and 5 commercial units leased with long term tenants.
Owner financing available at 7% with 50% down.
DON'T LOOK AWAY FROM THIS UNIQUE OPPORTUNITY TO OWN AN HISTORICAL LANDMARK IN TAVERNIER.
Directions: google maps
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Apartment 3 or more; Office Buildings; Restaurant; Retail
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Central Air; Wall/Window Unit(s)
Utilities: Municipal Sewer
Interior Features: Laundry Room; Smoke Alarms
Appliances: Dryer; Washer
Miscellaneous: High Traffc Location; Highway Frontage
Construction: CBS; Stucco
Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window
Floor: Tile
Roof: Shingle Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Seller Finance Psble
Rent Roll 
Listing Office: Black Swan Home Group, LLC
Last Updated: March - 04 - 2024
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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.