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24171 Overseas Hwy 1,998 SF 100% Leased Retail Building Summerland Key, FL 33042 $1,600,000 ($800.80/SF) 5.08% Cap Rate
Executive Summary
Immediate income from existing leases. Tremendous redevelopment opportunity. Both parcels have authorization under Florida's Live Local Act. This provides special provisions for the development of workforce and market rate residential housing. It also allows for up to 50% more commercial development.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,998 SF
Building Class
B
Year Built/Renovated
2006/2021
Price
$1,600,000
Price Per SF
$800.80
Cap Rate
5.08%
NOI
$81,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
0.65 AC
Zoning
SC - Suburban Commercial
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- EXIT Realty Paradise
- Real Estate
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Taco Express
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Velazquez Immigration Solutions
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| EXIT Realty Paradise | Real Estate | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Taco Express | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Velazquez Immigration Solutions | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00114700-000000 | Total Assessment | $753,295 |
| Land Assessment | $536,960 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $216,335 | Tax Year | 2025 |
Property Taxes
Parcel Number
00114700-000000
Land Assessment
$536,960
Improvements Assessment
$216,335
Total Assessment
$753,295
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
24171 Overseas Hwy