Active

97360 Overseas Highway

Key Largo FL, 33037

$38,000,000


Active

70 Beds

73 Baths

Commercial

Built in 1994

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. 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! This unparalleled offering promises substantial returns in one of the most sought-after destinations.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.

608560

MLS ID

April 11, 2024

Updated

Map

97360 Overseas Highway
Key Largo FL, 33037

Interior Features

Bedrooms

70 Beds


Bathrooms

73 Baths


Appliances

Dryer, Washer, Refrigerator, Range


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

3.28 Acres


Lot Features

2 Less Than 5 Acres

Other Property Details

Area Name

27 - Key Largo MM 97-107


Days on Market

66


Association Amenities

None


Garage

No


Parking

Common Parking, Guest Parking


View

Yes


View Description

Bay/Gulf View, Open Water View


County

Monroe


Pool

No


Waterfront

Yes


Zoning

SC - Sub Urban Commercial District

Listed by LISA FRINS P.A. with Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Listing Contact: 305-294-5155 

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 4/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 4/11/2024 at 10:37 PM UTC

 

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