98150 Overseas Hwy Key Largo, FL 33037-2356
This exceptional Key Largo commercial property presents a unique investment opportunity. Located at 98150 Overseas Highway, Key Largo, FL 33037, this 1.1-acre (approximately 47,916 sq ft) rectangular parcel boasts unparalleled visibility and accessibility from the Overseas Highway and Grand Street. The property features a 2,830 square foot building, currently operating as a successful boat sales and service business. The seller offers flexibility; they can relocate their existing business to a nearby location or potentially lease back the space, depending on the buyer's intentions. This versatile property, built in 1958, is ideal for a variety of commercial uses, benefiting from its high-traffic location with convenient access from both directions of the Overseas Highway, eliminating the need to cross medians. The absence of traffic interruptions ensures optimal customer access. This is a rare chance to acquire a substantial commercial property in a prime Key Largo location. The property's size and location make it an attractive investment for entrepreneurs seeking high visibility and convenient access for their business. The existing building provides immediate operational potential, while the ample land offers significant expansion possibilities. This is a truly remarkable opportunity in a highly desirable area.
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Hydro Church Mosque
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Yacht Works (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.