97360 Overseas Highway Key Largo, FL 33037
70 bed / 73 bath / 142,877 Sq. Ft., 3.28 acres lot size / Other
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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 three additional floors for potential of further businesses or apartments and 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! 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. Contact me to explore the endless possibilities that await!
property details
Type
Other
Status
Active
County
Monroe
Year Built
1994
Beds
70
Full Baths
72
Half Baths
2
Lot Size
142,877 Sq. Ft., 3 acres
Listing Id
608560
Courtesy Of
Lisa Frins - Berkshire Hathaway HomeServices Keys Real Estate - Islamorada 305-294-5155
List Office Phone
+1 (305) 664-4444
Subdivision
Mandalay Key Amt Plat (98.0)
Interior Features
Appliances
Dryer
Range
Refrigerator
Washer
Range
Refrigerator
Washer
Full Baths
72
Half Baths
2
Bathrooms Total
73
Exterior Features
Lot/Land Description
Waterfront
Utility & Building Info
Parcel Number
00554990-000100
Architectural Style
Other
Price History
| date | event | price | source |
|---|---|---|---|
|
02/05/2024
02/05/2024
|
Active |
$38,000,000
|
Key West Association of Realtors |
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Market Trends
Source: LiveBy
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