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102970 Overseas Hwy 2,400 SF Retail Building Key Largo, FL 33037 $2,965,000 ($1,235.42/SF)
Investment Highlights
- Prime corner frontage on Overseas Highway at MM 102.9 with high traffic visibility.
- Easy access for travelers from both Miami and the Lower Keys via U.S. 1.
- Located within minutes of John Pennekamp Coral Reef State Park and popular diving attractions.
Executive Summary
This exceptional investment property sits prominently along the Overseas Highway at Mile Marker 102.9 in Key Largo, providing unmatched visibility within one of the Florida Keys’ most bustling corridors. The site consists of a freestanding 2,400-square-foot retail building with an established Bait & Tackle business, complemented by an adjacent vacant lot for future development flexibility. With nearly half an acre of combined land, the property caters to a variety of uses including retail, dining, or professional office applications.
Positioned at the intersection of Overseas Highway and George Street, this corner location offers effortless ingress and egress for both northbound and southbound traffic. Its consistent flow of tourist and local traffic creates a steady customer base, making it an attractive play for business operators or investors seeking rental income. Public utilities, metal roofing, and a mix of hardwood and tile flooring enhance reliability and operational appeal. The offering includes business assets and inventory, ensuring a streamlined transition for continuity or redevelopment.
Positioned at the intersection of Overseas Highway and George Street, this corner location offers effortless ingress and egress for both northbound and southbound traffic. Its consistent flow of tourist and local traffic creates a steady customer base, making it an attractive play for business operators or investors seeking rental income. Public utilities, metal roofing, and a mix of hardwood and tile flooring enhance reliability and operational appeal. The offering includes business assets and inventory, ensuring a streamlined transition for continuity or redevelopment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,400 SF
Building Class
B
Year Built
1991
Price
$2,965,000
Price Per SF
$1,235.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Zoning
SC - Professional Building
Parking
8 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
124’ on Overseas Highway
Amenities
- Signage
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00549410-000000 | Improvements Assessment | $296,216 |
| Land Assessment | $1,118,630 | Total Assessment | $1,414,846 |
Property Taxes
Parcel Number
00549410-000000
Land Assessment
$1,118,630
Improvements Assessment
$296,216
Total Assessment
$1,414,846
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102970 Overseas Hwy