102481 Overseas Hwy Key Largo, FL 33037-4680

This exceptional investment opportunity in Key Largo, Florida, presents a lucrative mixed-use property encompassing four parcels totaling $4,000,000. The property boasts two buildings constructed in 1964, each spanning two stories. One building is currently leased to an insurance company, generating a monthly income of $11,000 with a 3% annual escalation clause effective October 1, 2018. A separate boat rental and detailing business occupies another parcel, contributing $5,000 in monthly rent, also subject to a 3% annual escalation since April 2021. Adding to the income stream is a single-family residence (3 bedrooms, 3 bathrooms) at 645 Ponce De Leon, currently leased for $3,000 per month on a one-year lease with a one-year option. The property's address is 102481 Overseas Hwy, Key Largo, FL 33037, situated in Monroe County. Two additional vacant lots are included in this sale, offering potential for future development or expansion of existing businesses. The property's strong rental history and diverse income streams make it an attractive investment prospect. Please note that all tenants must not be disturbed without prior approval. This comprehensive offering presents a rare chance to acquire a well-established, high-yielding commercial property in a desirable Florida Keys location.