Log In/Sign Up
Your email has been sent.
27001 Overseas Hwy 1,234 SF Retail Building Cudjoe Key, FL 33042 $1,250,000 ($1,012.97/SF) 10% Cap Rate
Executive Summary
Prime Lower Keys Commercial Property for sale on Ramrod Key. 3 Lots total 28,132 sf. or .65 acres with nearly 189' of frontage on Overseas Hwy aka Jimmy Buffett Memorial Hwy.!! Excellent visibility from the highway going both North and Southbound. This is a Corner lot at Coral Ave and Overseas Hwy with additional rear access off Old State Rd. 4A. Three sides with roads give this property ample room for ingress and egress for cars, large trucks and big equipment. Many commercial uses allowed with favorable SC- Suburban Commercial zoning. Perfect for Contractor or many retail uses possible including Marine/Boat/Trailer/RV or Boat dealer, Convenience store, or historically used for a Landscaping business. Lot is completely fenced and many parking spaces within and around the property. There is a shallow water well on the property that can be used for irrigation. On site is an existing 1,434 sf. CBS building. It can be a demo and completely redeveloped or exisitng building could used for offices and possible residential. Historically a homesteaded property, the ROGO currently not recognized by the County but a determination pending. Plus there is a nicely built Tiki Hut, a storage building with half bath for customers, potting shed and another utility building. There is a limited supply of SC zoned commercial lots in the Lower Keys.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,234 SF
Building Class
C
Year Built
1958
Price
$1,250,000
Price Per SF
$1,012.97
Cap Rate
10%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.65 AC
Zoning
SC - Suburban Commercial (SC) supports small-scale commercial, office, and light industrial development within mixed-use areas under county zoning rules.
Parking
30 Spaces (24.31 Spaces per 1,000 SF Leased)
Frontage
189’ on Overseas Highway
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
1 of 52
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
27001 Overseas Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.