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99222 Overseas Hwy 5,000 SF 50% Leased Retail Building Key Largo, FL 33037 $4,750,000 ($950/SF)

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INVESTMENT HIGHLIGHTS

  • Iconic Key Largo Landmark

EXECUTIVE SUMMARY

Iconic Key Largo Landmark - An extraordinary opportunity to own one of Key Largo's most recognizable buildings—home to the world-renowned Wyland Whaling Wall! Suburban Commercial Zoning, this four-story concrete structure offers 5,000 sq ft of finished interior space and exceptional visibility with 500' of highway frontage consisting of both northbound and southbound lanes of U.S. 1. Currently, the ground floor is leased to a thriving dive shop and second floor is also occupied, while the remaining two levels present endless potential for redevelopment or expansion. This unique commercial property spans one developed lot with commercial building which occupies 1,250sqft and includes an additional 9 undeveloped lots, totaling 31,250 sqft of land allowing for additional expansion. With its prime location and income potential, this is a rare investment opportunity in the heart of the Florida Keys. Whether you're looking to capitalize on its existing revenue or envision a new chapter for this legendary site, the possibilities are endless!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,000 SF
Building Class
C
Year Built
1954
Price
$4,750,000
Price Per SF
$950
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.16
Lot Size
0.72 AC
Zoning
SC
Frontage
500’ on Overseas Highway

AMENITIES

  • Air Conditioning

NEARBY MAJOR RETAILERS

Starbucks
First Horizon Bank
Bank of America
The YMCA
CrossFit
Centennial Bank
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 00504450-000000
  • 00504460-000000
Land Assessment
$434,363
Improvements Assessment
$576,693
Total Assessment
$1,011,056
  • Listing ID: 36735112

  • Date on Market: 7/15/2025

  • Last Updated:

  • Address: 99222 Overseas Hwy, Key Largo, FL 33037

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