About 27340 Overseas Highway
ASSET SALE | BELOW APPRAISED VALUE - EPIC WATERFRONT COMMERCIAL PROPERTY
Welcome to Looe Key Reef Resort & Dive Center - 1.67 acres of prime Florida Keys waterfront featuring 470 ft of US-1 frontage, a 17-slip marina, Tiki Bar, and Dive Center with retail shop and charter boats. Multiple proven revenue streams. Offered below appraised value, and the appraisal is an asset-only appraisal that does not include furniture, fixtures, equipment, or operating businesses, creating instant equity and making this property perfect for a 1031 exchange.Includes: 25-unit motel with 25 valuable Transient Licenses (appraised over $5M alone), profitable dive & snorkel charter business with daily reef trips, poolside tiki bar, full kitchen, food truck, 4COP liquor license (valued at $800K+), on-site gas pumps (soon operational), and an approved liquor store addition ready to build.Investment Highlights: Offered below appraised value with instant equity. Multiple high-value licenses included (Transient, 4COP, 2COP license, marina fuel, etc.). Profitable, established business with strong upside. Transient Licenses are moveable within unincorporated Monroe County with no affordable-housing requirement within 14 miles. Excellent US-1 visibility and redevelopment potential.Location: Minutes from world-famous Looe Key Reef, central to Big Pine, Marathon, and Key West, surrounded by premier fishing, diving, and tourism.Perfect for: 1031 exchange buyers, boutique resort operators, developers, hospitality investors, and visionaries ready to own a true Florida Keys landmark.Buyer to verify all information.
