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    99202 Overseas Hwy Key Largo, FL 33037

    For Sale
    $15,000,000

    Hotel/Motel,Bar,Other Services,Restaurant - Key Largo, FL

    Days on Market:
    75
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 99202 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, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    50
    Bathrooms
    50
    APN
    00504940-000000
    Appliances
    Refrigerator

    Building Details

    Year built
    1953
    Roof type
    Concrete
    Architectural style
    Other

    RE/MAX All Keys Real Estate (305) 451-0060

    Listing agent Gregory Dully (305) 451-0060 License #3420625

    Listing date Sep 22, 2025

    MLS# 615905 Listing URL

    Copyright © 2025 Florida Keys Board 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

    Turnkey Inn & Hospitality Investment

    This fully operational and income-producing inn is located in a prime Key Largo location. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms, including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses (nightly rentals), this property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. It is located in a highly visible location with 450 feet on US 1 and includes a total of 9 parcels in the sale. The property is zoned SC - Sub Urban Commercial District. Whether to continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Key Largo Inn Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.444143
    Latitude
    25.09027

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    FAQs

    What type of property is this?
    Hotel - Income-producing inn with development potential in Key Largo.
    Where is this hotel located?
    The property is located at 99202 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing inn in a prime Key Largo location.; - Includes 50 transferable transient licenses (nightly rentals).; - Features a restaurant and bar with a 5COP full liquor license.
    (305) 451-0060
    Request Owner's contact information
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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.

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    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
    99202 Overseas Hwy Key Largo, FL 33037
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