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    2 Overseas Hwy Summerland Key, FL 33042

    For Sale
    $275,000

    Prime Overseas Hwy Location, Build Your Business

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional vacant commercial lot, located at Lot 2 Overseas Hwy in Cudjoe Key, Florida (zip code 33042), presents a unique investment opportunity. Priced at $275,000, this industrial land parcel offers significant potential for business development in the Lower Keys. The property boasts approximately 100 feet of frontage on the highly trafficked Overseas Highway, ensuring excellent visibility and accessibility. Partially cleared, the lot is conveniently situated near popular local establishments, including the Square Grouper Bar & Grill, further enhancing its commercial viability. Easy access from La Fitte Drive adds to its appeal. The lot's size is not specified, but the provided marketing materials indicate it is suitable for commercial development. Potential land use information is available upon request

    Property Features for 2 Overseas Hwy

    General Information

    Property type
    Distribution properties

    HighLights

    • Exceptional vacant commercial lot in Cudjoe Key, FL (33042), priced at $275,000.
    • 100 feet of frontage on Overseas Highway provides high visibility and accessibility.
    • Partially cleared and suitable for commercial development.
    • Conveniently located near local businesses, including the Square Grouper Bar & Grill.
    • Easy access from La Fitte Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerland Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.4397023
    Latitude
    24.6614966

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    FAQs

    What type of property is this?
    Distribution property - Prime Overseas Hwy Location, Build Your Business
    Where is this distribution property located?
    The property is located at 2 Overseas Hwy Summerland Key, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Exceptional vacant commercial lot in Cudjoe Key, FL (33042), priced at $275,000.; 100 feet of frontage on Overseas Highway provides high visibility and accessibility.; Partially cleared and suitable for commercial development.
    Request Owner's contact information
    2 Overseas Hwy Summerland Key, FL 33042
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    Summerland Key, FL 33042
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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
    2 Overseas Hwy Summerland Key, FL 33042
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