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97360 Overseas Highway

Key Largo, FL 33037
  • $38,000,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 608560
UPDATED: 149 min ago
$38,000,000
  • 70
    BEDS
  • 3.28
    ACRES
  • 72
    BATHS
  • 2
    1/2 BATHS
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Description

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combines a luxurious bayfront resort, a hotel with potential for TRE conversion, a thriving restaurant building, a landmark retail building and vacant median highway lots, promising an exceptional return on investment.Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs).Bahia Bay Resort - Over 2 acres of exclusive bayfront paradise features 20 vacation rental rooms offering stunning sunset views, dockage, an inviting swimming pool and so much more.4-Story Retail Building- A landmark 5000sqft retail space on US 1 median. Currently home to SCUBA-Fun dive shop and other businesses. Includes 9 vacant lots, presently rented for parking to an adjacent resort.C&C Wood Fired Restaurant - real estate only - Charming 40-seat restaurant adjacent to Key Largo Inn. A well-established dining destination.Complete Portfolio - $38M:Seize the opportunity to own the entire portfolio and diversify your investment across multiple high-performing assets. Focus on the lucrative hospitality sector, acquiring Key Largo Inn and Bahia Bay Resort.Hospitality Assets-$30M; Rental Properties-$8M.The owner-managed properties ensure cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. There is nothing comparable that is offered in all of the Florida Keys! This offering is unparalleled and promises substantial returns in one of the most sought-after destinations. Contact me to explore the endless possibilities that await in this unique investment opportunity!Visit MLS#608573 for breakdown of partial properties.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/147285606
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97360 Overseas Highway Key Largo, FL 33037

  • Price: $38,000,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 149 min ago
  • MLS #: 608560
70
Beds
72
Baths
2
½ Baths
3.28
Acres
1994
Built
Neighborhood:
Mandalay Key Amt Plat (98.0)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combines a luxurious bayfront resort, a hotel with potential for TRE conversion, a thriving restaurant building, a landmark retail building and vacant median highway lots, promising an exceptional return on investment.Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs).Bahia Bay Resort - Over 2 acres of exclusive bayfront paradise features 20 vacation rental rooms offering stunning sunset views, dockage, an inviting swimming pool and so much more.4-Story Retail Building- A landmark 5000sqft retail space on US 1 median. Currently home to SCUBA-Fun dive shop and other businesses. Includes 9 vacant lots, presently rented for parking to an adjacent resort.C&C Wood Fired Restaurant - real estate only - Charming 40-seat restaurant adjacent to Key Largo Inn. A well-established dining destination.Complete Portfolio - $38M:Seize the opportunity to own the entire portfolio and diversify your investment across multiple high-performing assets. Focus on the lucrative hospitality sector, acquiring Key Largo Inn and Bahia Bay Resort.Hospitality Assets-$30M; Rental Properties-$8M.The owner-managed properties ensure cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. There is nothing comparable that is offered in all of the Florida Keys! This offering is unparalleled and promises substantial returns in one of the most sought-after destinations. Contact me to explore the endless possibilities that await in this unique investment opportunity!Visit MLS#608573 for breakdown of partial properties.
Exterior Features

Construction CBSConcrete Dockage Dock Wood Land Size 2 Less Than 5 Acres Lot Size 0 Miscellaneous High Traffc LocationPoolOpen Water ViewLobbyHighway FrontageHigh Visibility Side Bay/Gulf Style Commercial Vehicle Storage Common ParkingGuest Parking Waterfront Bay FrontOpen Water Waterfront YN Yes Waterview Bay/Gulf ViewOpen Water View

Interior Features

Appliances DryerWasherRefrigeratorRange Appliances Other more appliances

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City KEY LARGO Commercial Type Hotel/MotelRetailOther Services Control Depth 4 Fee Includes None Flood Zone AE0.2 PCT ANNUAL CH Legal AMD PLAT OF MANDALAY PB2-25 KEY LARGO PORTION TRACT 3-B (NE) OR577-629 OR573-479 OR784-749 OR784-750 OR808-339 OR903-10 License Info 5-Cop (Transferable) Listing Board Florida Keys Mile Marker 98.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Beverage LicenseTranfrble Dev Right Property Type Commercial Tax Year 0 Taxes 0.00 Title Title Ins - Buyer Total Units 0.00 Utilities FKAA Zoning SC - Sub Urban Commercial District

Listing courtesy of Lisa Frins P.A. of Berkshire Hathaway HomeServices Keys Real Estate - Islamorada: (305) 664-4444.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Expert Realty
517 Duval Street #205
Key West FL, 33040