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    99222 Overseas Hwy Key Largo, FL 33037

    For Sale
    $4,750,000

    Apartment 3 or more,Other Services,Retail,Professional Service,Boat Sales/Service,Office Buildings

    Days on Market:
    68
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 99222 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SC - Sub Urban Commercial District
    APN
    00504450-000000
    Appliances
    None

    Building Details

    Year built
    1954
    Floors in Building
    4
    Building materials
    Concrete
    Architectural style
    Other

    Berkshire Hathaway HomeServices Freewheeler Realty (305) 664-4444 [email protected]

    Listing agent Lisa Frins P.A. (305) 664-4444 License #0672871

    Listing date Oct 7, 2025

    MLS# 615645 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

    Key Largo Landmark Building

    This four-story concrete structure, an iconic Key Largo landmark, offers 5,000 sq ft of finished interior space and exceptional visibility with 500' of highway frontage consisting of both northbound and southbound lanes of U.S. 1. The property is zoned Suburban Commercial. The ground floor is currently leased to a thriving dive shop, and the second floor is also occupied. The remaining two levels present potential for redevelopment or expansion. The commercial property spans one developed lot with a commercial building which occupies 1,250sqft and includes an additional 9 undeveloped lots, totaling 31,250 sqft of land allowing for additional expansion. This property is located in the heart of the Florida Keys.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ToPaz Aquatic Diving Center Scuba-Fun Dive Center Dive Shop

    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
    -80.444698
    Latitude
    25.090481

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    FAQs

    What type of property is this?
    Retail property - Iconic building with highway frontage and redevelopment potential in Florida Keys.
    Where is this retail property located?
    The property is located at 99222 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Iconic Key Largo landmark featuring the world-renowned Wyland Whaling Wall.; - Prime location: Enjoy exceptional visibility with 500' of highway frontage on U.S. 1.; - Benefit from Suburban Commercial Zoning and 5,000 sq ft of finished interior space.
    (305) 664-4444
    Request Owner's contact information
    99222 Overseas Hwy Key Largo, FL 33037
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    Key Largo, FL 33037
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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
    99222 Overseas Hwy Key Largo, FL 33037
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