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    FOR SALE
    Community centers

    90311 Old Hwy, Plantation Key, FL 33070

    9,600 SF 0.63 ac lot Built 1981
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US18-2929820
    Property summary
    AI-generated overview

    This exceptional waterfront investment property in Tavernier, Florida, presents a rare opportunity to acquire a highly visible, established business with significant development potential. The property encompasses four parcels totaling 9,600 square feet of building space, including the iconic Landmark Restaurant situated directly on Old Highway and Route 1, boasting 250 feet of road frontage. The property features over 713 feet of seawall and dockage, accommodating approximately 22 deep-water slips with direct ocean access. This turnkey operation includes a substantial existing restaurant, providing immediate income potential. Ample parking is available across the four parcels (Parcel ID #'s-00436050, 00436680, 00436090, 004366700). Adding to the value is a separate 1,114 square foot, two-story, concrete block single-family home located at 103 Harbor Drive, offering additional residential or management possibilities. The property's prime location and established infrastructure make it an ideal investment for both seasoned operators and those seeking a high-return waterfront venture. The property is priced at $8,900,000 and offers a unique blend of commercial and residential components in a highly desirable location. This is a truly exceptional opportunity to own a piece of Tavernier's vibrant waterfront.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1981
    Total area 9,600 SF
    Lot 0.63 ac (27,500 SF)
    APN 00436050-000000
    UPID US18-2929820
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $470k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $900k
    Blend (final) Blend
    $685k
    Owner & transaction history
    Old Conch Harbor INC · 13 yrs held
    Old Conch Harbor INC
    since 2013
    7 recorded transactions
    2020
    2018
    2017
    2017
    2017
    2013
    $563,700
    1993
    $295,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.0M +50.3%
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    More about this property
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