21423 Overseas Hwy, Cudjoe Key, FL 33042-3171
- Commercial real estate
- 1.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 21423 Overseas Hwy
- Lot size
- 1.46 lot acres
- Property type
- Commercial real estate
- APN
- 00175310-000000
- APU
- 175310000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 18, 2018 | $200,080 | Timothy E Gould | Gould,timothy R | Warranty Deed · related | — |
| Oct 16, 2012 | $275,000 | Timothy R Gould | Home Fedl Bk Of Hollywood | Grant Deed | $260k · Harold & Delores Rudd |
| Apr 25, 2011 | $100 | Home Fedl Bk Of Hollywood | Lightfoot,nathaniel & Leah D Coc | Trustees Deed · related | — |
| Apr 18, 2011 | $100 | Home Fedl Bk Of Hollywood | Deputy Clerk Of Monroe County | Trustees Deed · related | — |
| May 27, 2005 | $800,000 | Nathaniel Lightfoot | Granger,richard M & Lisa A | Warranty Deed | — |
| Dec 15, 1998 | $225,000 | Richard M Granger | Horan,richard J & Carol A | Grant Deed | $169k · Tib Bank Of The Keys |
| Nov 1, 1981 | $25,000 | William L Sands | Poor,benjamin W | Warranty Deed · related | — |
| — | — | Nathaniel Lightfoot | — | Deed Of Trust · related | $400k · Home Federal Bank Hollywood |
| — | — | Nathaniel Lightfoot | — | Deed Of Trust · related | $30k · Home Federal Bank Hollywood |
Description
This exceptional 3+ acre commercial property, located at 21423 Overseas Highway in Cudjoe Key, Florida (33042), presents a rare redevelopment opportunity. The 1,250 square foot, single-story, Class B building, constructed in 1980, sits on a 1-3 acre lot and currently generates $9,000 in monthly income from a 100% occupied, multi-tenant lease. The property is zoned commercial, although Monroe County encourages redevelopment into workforce housing. The asking price is $1,395,000, translating to $1,116 per square foot. This is a gross lease arrangement with zero loading docks. The property features a prime corner lot location offering excellent visibility and accessibility from Overseas Highway. The seller is open to financing options. This mixed-use property (Retail, Multifamily, Industrial) currently functions as outside storage, offering immediate income potential while redevelopment plans are considered. The property's strategic location and existing income stream make it an attractive investment opportunity for value-add strategies.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cudjoe Key
- County
- Monroe
- State
- Florida
- Longitude
- -81.499
- Latitude
- 24.6679
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
