305-609-4190
91865 Overseas Hwy, FL 33070
Active Retail

Address available upon request

FL, 33070

$5,999,000

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About This Property

Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community. The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units. Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years. A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.

Property Details

MLS #

A12024229

Status

Active

Property Type

Commercial Sale

Sub Type

Retail

Days on Market

123

Stories

2

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$2,000/mo

Tax Amount

$55,119

Garage

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$41,993
Est. Monthly Rent
0.1%
Cap Rate
0.5%
Cash-on-Cash
$5,671
Net Operating Income

ROI Projections (4% Annual Appreciation)

111%
5-Year ROI
Value: $7,298,701
245%
10-Year ROI
Value: $8,879,985
408%
15-Year ROI
Value: $10,803,860

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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