30200 Overseas Hwy Big Pine Key, FL 33043

Property Details for 30200 Overseas Hwy

Year built

1970

Lot size

0.46 lot acres

Property size

3,200 SF

Property type

Community centers

APN

00111500-000000

APU

111500000000

Description

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.

Location Insight

City

Big Pine Key

County

Monroe

State

Florida

Longitude

-81.3615

Latitude

24.6692

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments