About 97360 Overseas Highway
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 three additional floors for potential of further businesses or apartments and 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. 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. You can find more in-depth information upon an executed Confidentiality Agreement. Nothing comparable is offered in the Florida Keys! Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment. Contact me to explore the endless possibilities that await!
Features of 97360 Overseas Highway
| MLS® # | 608560 |
|---|---|
| Price | $38,000,000 |
| Bedrooms | 70 |
| Bathrooms | 74.00 |
| Full Baths | 72 |
| Half Baths | 2 |
| Year Built | 1994 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 97360 Overseas Highway |
|---|---|
| Area | 27 - Key Largo MM 97-107 |
| Subdivision | Mandalay Key Amt Plat (98.0) |
| City | KEY LARGO |
| County | Monroe |
| State | FL |
| Zip Code | 33037 |
Amenities
| Utilities | FKAA |
|---|---|
| Parking | Guest Parking, Common Parking |
| View | Open Water View, Bay/Gulf View |
| Is Waterfront | Yes |
| Waterfront | Bay Front, Open Water |
Interior
| Appliances | Refrigerator, Range, Washer, Dryer |
|---|
Exterior
| Lot Description | 2 Less Than 5 Acres |
|---|---|
| Construction | CBS, Poured Concrete Cnst |
Additional Information
| Date Listed | February 5th, 2024 |
|---|---|
| Days on Market | 82 |
| Zoning | SC - Sub Urban Commercial District |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Lisa Frins P.a. |
|---|---|
| Office | Berkshire Hathaway HomeServices Keys Real Estate - Islamorada |