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    98250 Overseas Hwy Key Largo, FL 33037

    For Sale
    $2,995,000

    Auto Care,Retail,Auto Sales,Boat Sales/Service,Boat Care - Key Largo, FL

    Days on Market:
    16
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 98250 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SC - Sub Urban Commercial District
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    00090570-000000
    Parking features
    Garage, Guest
    Appliances
    None

    Building Details

    Year built
    1986
    Flooring type
    Concrete, Laminate, Tile
    Roof type
    Metal
    Architectural style
    Other

    Berkshire Hathaway HomeServices Keys Real Estate (305) 743-7636 [email protected]

    Listing agent The Owen Lucas Team (305) 743-7636 License #653995

    Listing date Nov 20, 2025

    MLS# 617386 Listing URL

    Copyright © 2025 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Key Largo Commercial Real Estate Opportunity

    This commercial real estate opportunity is located in Key Largo, Florida, and features a unique median location providing double exposure and access. Currently operating as Markey's Marine & Auto Services, it serves as a one-stop shop for sales, service, maintenance, and parts, catering to Key Largo, Tavernier, Islamorada, and the broader Upper Keys area. The property is currently used as an auto and marine shop with a large dry lot storage area. Improvements include an updated reception/common area, multiple office/retail spaces, restrooms, and 2,000 square feet of mezzanine storage. The large workshop area features 18+ foot ceiling height and overhead doors on each side for maximum access. The exterior includes paved parking for approximately 25 vehicles, plus an additional fenced and gated land area of approximately 20,850 square feet. The SC - Sub Urban Commercial District zoning allows for a wide range of uses. The median location offers dual exposure to both North and South bound lanes of US 1 at mile marker 98 in Key Largo, Florida. Potential business uses include auto care, retail, auto sales, boat sales and service, and boat care.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Markey's Marine Services ... Boat Repair Shop Markey's Marine Outboards ... Boat Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Budget Car Rental, Avis Car Rental, Budget Truck Rental

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.455486
    Latitude
    25.080811

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    FAQs

    What type of property is this?
    Automotive property - Commercial property with dual exposure in Key Largo, Florida.
    Where is this automotive property located?
    The property is located at 98250 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Unique median location on US 1 at mile marker 98 in Key Largo, offering double exposure.; - Currently operating as a successful auto and marine shop with established service area.; - Large, fully fenced and gated dry lot storage area of approximately 20,850 SF.
    (305) 743-7636
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    98250 Overseas Hwy Key Largo, FL 33037
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