$16,000,000
Key Largo, FL 33037
MLS# 608789
50 beds | 50 baths | 26342 sqft
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Property Description
Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potential for TRE conversion, promising an exceptional return on investment. Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs). The owner-managed property ensures cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. Contact me to explore the endless possibilities that await in this unique investment opportunity! The owner-managed properties ensure cohesive and efficient operations. You can find more in-depth information upon execution of a signed Confidentiality Agreement. Contact me to explore the endless possibilities that await in this unique investment opportunity! Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment.
Details
Maps
Contract Information
Current Price: $16,000,000
Listing Date: 2024-02-17
Listing Board: Florida Keys
List Price: $16,000,000
Limitd Reprsntation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 99202
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Off Shore Island: No
Subdivision: Sunset Cove (99.5)
Mile Marker: 99.5
County: Monroe
Area: 27 - Key Largo MM 97-107
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: X
Alternate Key #: 1622818
Parcel #: 00504940-000000
Zoning: SC - Sub Urban Commercial District
Legal: LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-135
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 34765
Waterfront: No
Business Name: Key Largo Inn
Building SqFt: 26342
SqFt Source: Tax Records
Living Apx SqFt: 26342
Year Built: 1953
Total Bedrooms: 50
Full Baths: 50
Total Baths: 50
Remarks & Misc
Remarks – Consumer: Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potential for TRE conversion, promising an exceptional return on investment.
Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs).
The owner-managed property ensures cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. Contact me to explore the endless possibilities that await in this unique investment opportunity!
The owner-managed properties ensure cohesive and efficient operations. You can find more in-depth information upon execution of a signed Confidentiality Agreement. Contact me to explore the endless possibilities that await in this unique investment opportunity!
Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Appliances
Other: more appliances
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
License Info: 5-Cop (Transferable)
Type: Hotel/Motel
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Common Parking; Guest Parking
Utilities: FKAA
Appliances: Refrigerator
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Pool
Construction: CBS; Concrete
Land Size: 1/2 - Less Than 1 AC
Fee Includes: None
Title: Title Ins - Buyer
Property Rights: Beverage License; Tranfrble Dev Right
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: April - 01 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.
Broker Attribution:
305-294-5155