$1,400,000
Key Largo, FL 33070
MLS# 591361
Status: Closed
15 beds | 10 baths | 10150 sqft
1 / 75
Property Description
Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $1,400,000
Listing Date: 2020-06-16
Sold Price: $1,400,000
Location, Tax & Legal
City: Tavernier
Off Shore Island: No
Mile Marker: 91.5
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: AE
Alternate Key #: 1681946
Parcel #: 00555610-000000
Zoning: SC - Sub Urban Commercial District
Legal: BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-1
Taxes: 23595.78
Tax Year: 2019
Street #: 91865
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Subdivision: Tavernier No 2 (91.5)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: .49 acres
Lot SqFt: 21252
Total Units: 11
Off Street Parking: 12
# Stories: 2
SqFt Source: Seller
Total # Buildings: 5
Building SqFt: 10150
Style: Commercial
Living Apx SqFt: 10150
Year Built: 1936
Total Bedrooms: 15
Full Baths: 10
Total Baths: 10
Remarks & Misc
Remarks – Consumer: Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Office Buildings: 1
Professional Service: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
No Appliances: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Land Size
1/4 - 1/2 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2021-12-01
Sold Price: $1,400,000
Status: Closed
Property Features
Type: Office Buildings; Professional Service
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Construction: CBS
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: September - 10 - 2024
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