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99202 Overseas Highway

Key Largo, FL 33037
  • $15,000,000
  • STATUS: Active
  • ON SITE: 114 Days
  • MLS #: 615905
UPDATED: 86 min ago
$15,000,000
  • 50
    BEDS
  • 1.14
    ACRES
  • 50
    BATHS
  • 0
    1/2 BATHS
  • 23,092
    SQFT
  • $650
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Description

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms--including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.

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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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyshomenetwork.com/homes/166180954
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99202 Overseas Highway Key Largo, FL 33037

  • Price: $15,000,000
  • Status: Active
  • On Site: 114 Days
  • Updated: 86 min ago
  • MLS #: 615905
50
Beds
50
Baths
0
½ Baths
1.14
Acres
23,092
SQFT
$650
$/SQFT
1953
Built
Neighborhood:
Sunset Cove (99.5)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms--including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.
Exterior Features

Construction CBS Dockage None Land Size 1 Less Than 2 Acres Lot Size 450 x 110 Miscellaneous Handicap AccessPoolOther MiscellaneousHighway FrontageHigh VisibilityHigh Traffc LocationFencingLobby Roof Concrete Roof Side Ocean Style Commercial Vehicle Storage Off Street ParkingTrailer Storage Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances Refrigerator Net Leasable Area 23092.00

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/MotelBarOther ServicesRestaurant Control Depth 0 Fee Includes None Flood Zone X Legal LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-1350 License Info 5-Cop (Transferable) Listing Board Florida Keys Mile Marker 99.50 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2024 Taxes 21924.08 Total Units 0.00 Utilities FKAABuyer to Verify Zoning SC - Sub Urban Commercial District

Listing courtesy of Gregory Dully of RE/MAX All Keys Real Estate: (305) 451-0060.


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 Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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