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    98150 Overseas Hwy Key Largo, FL 33037

    Sponsored
    For Sale
    $4,950,000

    Prime 1.1-acre lot, existing building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Key Largo commercial property presents a unique investment opportunity. Located at 98150 Overseas Highway, Key Largo, FL 33037, this 1.1-acre (approximately 47,916 sq ft) rectangular parcel boasts unparalleled visibility and accessibility from the Overseas Highway and Grand Street. The property features a 2,830 square foot building, currently operating as a successful boat sales and service business. The seller offers flexibility; they can relocate their existing business to a nearby location or potentially lease back the space, depending on the buyer's intentions. This versatile property, built in 1958, is ideal for a variety of commercial uses, benefiting from its high-traffic location with convenient access from both directions of the Overseas Highway, eliminating the need to cross medians. The absence of traffic interruptions ensures optimal customer access. This is a rare chance to acquire a substantial commercial property in a prime Key Largo location. The property's size and location make it an attractive investment for entrepreneurs seeking high visibility and convenient access for their business. The existing building provides immediate operational potential, while the ample land offers significant expansion possibilities. This is a truly remarkable opportunity in a highly desirable area.

    Property Features for 98150 Overseas Hwy

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1958
    Units
    1

    HighLights

    • $4,950,000 asking price.
    • 1.1‑acre (47,916 sq ft) commercial lot in Key Largo, FL.
    • 2,830 sq ft building, currently a boat sales and service facility.
    • High visibility and accessibility from Overseas Highway and Grand Street.
    • 1958 construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hydro Place Of Worship Yacht Works Boat Dealer

    Suggested Use

    Law Firm Realty agency 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.

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.4566189
    Latitude
    25.0797476

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 1.1-acre lot, existing building
    Where is this office property / space located?
    The property is located at 98150 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: $4,950,000 asking price.; 1.1-acre (47,916 sq ft) commercial lot in Key Largo, FL.; 2,830 sq ft building, currently a boat sales and service facility.
    Request Owner's contact information
    98150 Overseas Hwy 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
    98150 Overseas Hwy Key Largo, FL 33037
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