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106240 Overseas Hwy 4,784 SF 100% Leased Office Building Key Largo, FL 33037 $1,975,000 ($412.83/SF)
INVESTMENT HIGHLIGHTS
- One of the first buildings as you enter the Keys with prime US1 exposure.
EXECUTIVE SUMMARY
One of the first high visibility buildings as you enter into Key Largo on just under a half an acre of commercial property. This yellow two story office has 3936 SqFt under a/c and 900 SqFt of covered porch/parking. The ground floor north side is 1,300 SqFt and is currently leased to the Visitor's Center. The ground floor south side is 1,200 SqFt and the second story is 1,400 SqFt available for lease at $51.00 per SqFt (this is the base price plus their percentage of taxes, insurance and maintenance costs). This property is available for purchase and/or lease. New metal roof was installed in 2024. The back two lots are fenced and currently used as a storage area. Assumable SBA 504 loan in the amount of approximately $1,642,000 with a 25 year amortization rate.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
4,784 SF
Building Class
C
Year Built
1994
Price
$1,975,000
Price Per SF
$412.83
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,392 SF
Building FAR
0.24
Lot Size
0.46 AC
Zoning
SC - Suburban Commercial
AMENITIES
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 00535840-000000 | Improvements Assessment | $317,690 |
| Land Assessment | $1,047,816 | Total Assessment | $1,365,506 |
PROPERTY TAXES
Parcel Number
00535840-000000
Land Assessment
$1,047,816
Improvements Assessment
$317,690
Total Assessment
$1,365,506
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106240 Overseas Hwy
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