30200 Overseas Hwy, Big Pine Key, FL 33043-3357

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.