98275 Overseas Hwy Key Largo, FL 33037
- Retail space
- 1,200 SF
- 0.72 lot acres
Current Use by Public Records
- Coco Plum Place / Gift Shop / Juice Shop
- Seaside Eatery / Restaurant
Property Details for 98275 Overseas Hwy
- Year built
- 1944
- Lot size
- 0.72 lot acres
- Property size
- 1,200 SF
- Property type
- Retail space
- APN
- 00090540-000100
- APU
- 90540000100
Description
Coco Plum Place, located at 98275 Overseas Hwy, Key Largo, FL 33037, presents a unique investment opportunity. This established business, built in 1944, is offered at an asking price of $1,200,000. The property operates as a combined retail and cafe, offering a diverse revenue stream. The retail space showcases a curated selection of handcrafted Balinese furniture, clothing, gifts, and kitchenware, catering to a discerning clientele. The cafe component complements the retail offerings, providing a range of coffee drinks, teas, and freshly baked pastries. This turnkey operation is situated in a desirable tropical location within Monroe County, Florida, benefiting from the area's thriving tourism and local community. The property's existing infrastructure and established customer base provide a solid foundation for continued success and potential growth. The business is ready for immediate operation, minimizing the need for extensive renovations or start-up costs. This presents a compelling opportunity for investors seeking a profitable and established business in a picturesque Florida setting. The property's prime location in Key Largo offers excellent visibility and accessibility, further enhancing its investment potential. This is a rare chance to acquire a well-established, diverse business in a highly sought-after location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $400,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $420,000
- Mixed-Use
- $395,000
- Hospitality
- $365,000
- Educational
- $355,000
- Residential Income
- $380,000
- Energy
- $425,000
- Income-Based Land
- $380,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Key Largo
- County
- Monroe
- State
- Florida
- Longitude
- -80.4546
- Latitude
- 25.0807
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA