15
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$5,950,000
Est. payment /mo
10,150 SqFt
Price Dropped by $50K
91865 Overseas Hwy Tavernier, FL 33070
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $586
MLS Listing ID A11924601
HOA Y/N No
Year Built 1936
Annual Tax Amount $18,000
Lot Size 0.485 Acres
Property Sub-Type Mixed Use
Property Description
Presenting an unparalleled new investment opportunity on the Overseas Highway at Mile Marker 98 in Tavernier FL Keys, featuring 143 feet of direct frontage and offering a truly turn-key cash flow property. This robust mixed-use portfolio includes five fully renovated commercial buildings and ten residential units secured by long-term leases, ensuring immediate revenue stability. The entire property has undergone a comprehensive, full gut-out rehabilitation, showcasing brand new 2024 metal roofs, impact windows and doors, new plumbing, electrical systems, stucco, paint, and high-end pavers, resulting in an unmatched, maintenance-light asset. With a Pro Forma NOI of $495,250, and the owner guaranteeing 100% occupancy at closing, this is a meticulously modernized income machine ready for immediate acquisition by the discerning investor.
Location
State FL
County Monroe
Area 98 Florida Keys
Interior
Cooling Wall/Window Unit(s)
Flooring Tile
Window Features Impact Glass
Exterior
Roof Type Metal,Other
Private Pool Yes
Others
Tax ID 00555610-000000
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11924601
Listed by Related ISG Realty, LLC.
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