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    30200 Overseas Hwy Big Pine Key, FL 33043

    Sponsored
    For Sale
    $1,150,000

    High-return retail center, 100% occupied.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial investment opportunity presents a 3,200 square foot retail property situated at Mile Marker 30 on Overseas Highway in Big Pine Key, Florida (33043). Currently operating as a fully occupied multi-tenant shopping center and storefront, this property boasts a prime location with excellent visibility due to its 120-foot frontage on Overseas Highway and a depth of 167 feet. The property sits on a large 20,150 square foot lot (nearly half an acre), offering significant potential for expansion. The existing single-story building is currently leased to four tenants on month-to-month agreements, presenting an immediate opportunity to increase rental income. The asking price is $1,150,000, with a projected 5.00% cap rate. The property's commercial zoning allows for a variety of uses. Ample parking is available in front of the building and within the Florida Department of Transportation right-of-way. A large vacant area at the rear of the building provides additional potential for income generation through parking, storage, or the construction of additional structures. This property represents a rare opportunity, having not been on the market since 1977. This is a gross lease property with a remaining lease term of one year.

    Property Features for 30200 Overseas Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,200 SF

    HighLights

    • 3,200 SF retail property in Big Pine Key, FL (33043) at Mile Marker 30 on Overseas Highway.
    • Fully occupied multi‑tenant building with 120' of highway frontage and 167' depth on a 20,150 SF lot.
    • Four month‑to‑month tenants offer immediate income‑growth potential.
    • $1,150,000 asking price with a projected 5.00% cap rate.
    • Commercial zoning allows for diverse uses; ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    Big Pine Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.3614461
    Latitude
    24.6693345

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    FAQs

    What type of property is this?
    Lifestyle center - High-return retail center, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 30200 Overseas Hwy Big Pine Key, FL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 3,200 SF retail property in Big Pine Key, FL (33043) at Mile Marker 30 on Overseas Highway.; Fully occupied multi-tenant building with 120' of highway frontage and 167' depth on a 20,150 SF lot.; Four month-to-month tenants offer immediate income-growth potential.
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    30200 Overseas Hwy Big Pine Key, FL 33043
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    Big Pine Key, FL 33043
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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
    30200 Overseas Hwy Big Pine Key, FL 33043
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