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21423 Overseas Hwy 1,250 SF 100% Leased Retail Building Cudjoe Key, FL 33042 $1,399,000 ($1,119.20/SF) 10% Cap Rate
Investment Highlights
- Prime Lower Keys Commercial Real Estate for sale.
- 37,748 SF or .87 acres of useable uplands with submerged baybottom.
- Corner location at MM 21 and Blimp Road.
- 200 Feet highway frontage by 190 Feet deep.
Executive Summary
Property Highlights:
Prime Commercial property in the Lower Keys
Excellent visibility on
Overseas Highway
Corner location at
Blimp Road
3 Parcels of Land
Approx. 37,748 SF (.87 Ac) Uplands
200’ of highway frontage X 190’ deep
Over 2 Acres of owned
baybottom
Existing 1,250 SF CBS Building
Building may be expanded or demolished and rebuilt
Favorable Suburban
Commercial (SC) Zoning
Many Commercial uses
possible
Limited supply of COM real estate in Lower Keys
Prime Commercial property in the Lower Keys
Excellent visibility on
Overseas Highway
Corner location at
Blimp Road
3 Parcels of Land
Approx. 37,748 SF (.87 Ac) Uplands
200’ of highway frontage X 190’ deep
Over 2 Acres of owned
baybottom
Existing 1,250 SF CBS Building
Building may be expanded or demolished and rebuilt
Favorable Suburban
Commercial (SC) Zoning
Many Commercial uses
possible
Limited supply of COM real estate in Lower Keys
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,250 SF
Building Class
B
Year Built
1980
Price
$1,399,000
Price Per SF
$1,119.20
Cap Rate
10%
NOI
$139,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
3.10 AC
Zoning
SC - Suburban commercial , liberal zoning allows for many uses.
Parking
14 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on US-1
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Signage
- Waterfront
- Drive Thru
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 00175330-000000 | Improvements Assessment | $146,384 (2025) |
| Land Assessment | $477,072 (2025) | Total Assessment | $623,456 (2025) |
Property Taxes
Parcel Number
00175330-000000
Land Assessment
$477,072 (2025)
Improvements Assessment
$146,384 (2025)
Total Assessment
$623,456 (2025)
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Photos
Street View
Street
Map
Presented by
21423 Overseas Hwy
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