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Looe Key Reef Resort 27340 Overseas Hwy 25 Room Hotel Ramrod Key, FL 33042 $12,250,000 ($490,000/Room)
Executive Summary
Offering Overview
This sale includes a rare combination of income-producing assets, valuable licenses, and entitlements in the Florida Keys, at appraised value consisting of:
• 25 Transient Rental Licenses – Currently in use and potentially available to be moved to another qualifying development, subject to all applicable approvals.
• 150-Seat Restaurant – Established food & beverage venue with a newer tiki structure, ideal for waterfront or resort-style dining.
• 5COP Quota Liquor License available separately – A valuable, transferable 5COP license allowing for the sale of beer, wine, and spirits for on-premises consumption, providing significant upside for the restaurant and bar operation which also allows for packaged Liquor sales.
• 25-Room Hotel – Turnkey lodging operation benefiting from the transient licenses and strong Florida Keys tourism demand.
• Dive Shop & Vessel – A popular, well-respected Florida Keys dive operation, including a 49-passenger coast guard approved Vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a established customer base.
This sale includes a rare combination of income-producing assets, valuable licenses, and entitlements in the Florida Keys, at appraised value consisting of:
• 25 Transient Rental Licenses – Currently in use and potentially available to be moved to another qualifying development, subject to all applicable approvals.
• 150-Seat Restaurant – Established food & beverage venue with a newer tiki structure, ideal for waterfront or resort-style dining.
• 5COP Quota Liquor License available separately – A valuable, transferable 5COP license allowing for the sale of beer, wine, and spirits for on-premises consumption, providing significant upside for the restaurant and bar operation which also allows for packaged Liquor sales.
• 25-Room Hotel – Turnkey lodging operation benefiting from the transient licenses and strong Florida Keys tourism demand.
• Dive Shop & Vessel – A popular, well-respected Florida Keys dive operation, including a 49-passenger coast guard approved Vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a established customer base.
Property Facts
| Price | $12,250,000 | Building Size | 10,948 SF |
| Price Per Room | $490,000 | No. Rooms | 25 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1958 |
| Property Subtype | Hotel | Parking Ratio | 7.58/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.67 AC | ||
| Zoning | SC - Suburban Commercial District | ||
| Price | $12,250,000 |
| Price Per Room | $490,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 10,948 SF |
| No. Rooms | 25 |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 7.58/1,000 SF |
| Corridor | Exterior |
| Zoning | SC - Suburban Commercial District |
Amenities
- Pool
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $170.00 | - |
Property Taxes
| Parcel Number | 00200900-000000 | Improvements Assessment | $4,113,834 |
| Land Assessment | $5,028,019 | Total Assessment | $9,141,853 |
Property Taxes
Parcel Number
00200900-000000
Land Assessment
$5,028,019
Improvements Assessment
$4,113,834
Total Assessment
$9,141,853
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Looe Key Reef Resort | 27340 Overseas Hwy
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