98250 Overseas HwyKey Largo, FL 33037

This exceptional Key Largo investment opportunity presents a 1.005-acre commercial property at 98250 Overseas Hwy, 33037. The property boasts a 6,052 square foot building, recently renovated in 2022, currently leased to Markey Marine under a 15-year NNN lease (commencing November 30, 2023, expiring November 30, 2038) generating a substantial NOI of $280,000 and a 7.00% cap rate. The asking price is $4,000,000, translating to $660.94 per square foot. The property features 130 feet of frontage on both the northbound and southbound lanes of the Overseas Highway, offering excellent visibility and accessibility. Zoning permits various commercial retail and office uses, presenting significant potential for future development, including mixed-use or multi-family projects. This sale-leaseback opportunity offers a strong current income stream with significant long-term upside. The property's prime location and substantial lot size (approximately 43,797 square feet) make it an ideal investment for discerning buyers seeking a high-return asset in a desirable Florida market. No capital expenditures are anticipated due to the recent renovations. This single-unit property is a rare find in Key Largo.