$38,000,000 $203,992 est/mo Sourced by Back At You

97360 Overseas Highway,Key Largo, FL 33037

Key Largo FL, 33037

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Description

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents a diverse portfolio of prime commercial properties, strategically located in highly coveted areas. This exclusive offering combines a luxurious bayfront resort, a hotel with potential for TRE conversion, a thriving restaurant building, a landmark retail building and vacant median highway lots, promising an exceptional return on investment. Key Largo Inn - A 50-key, 62-room hotel boasts a 5COPS full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs). Bahia Bay Resort - Over 2 acres of exclusive bayfront paradise features 20 vacation rental rooms offering stunning sunset views, dockage, an inviting swimming pool and so much more. 4-Story Retail Building- A landmark 5000sqft retail space on US 1 median. Currently home to SCUBA-Fun dive shop and three additional floors for potential of further businesses or apartments and includes 9 vacant lots, presently rented for parking to an adjacent resort. C&C Wood Fired Restaurant - real estate only - Charming 40-seat restaurant adjacent to Key Largo Inn. A well-established dining destination. Seize the opportunity to own the entire portfolio and diversify your investment across multiple high-performing assets. Focus on the lucrative hospitality sector, acquiring Key Largo Inn and Bahia Bay Resort. Hospitality Assets-$30M; Rental Properties-$8M. The owner-managed properties ensure cohesive and efficient operations. You can find more in-depth information upon an executed Confidentiality Agreement. Nothing comparable is offered in the Florida Keys! Unlock the potential of these prime properties by converting them into a rehabilitative haven or assisted living facility. With their inviting ambiance these properties offer an ideal canvas for a nurturing environment. Contact me to explore the endless possibilities that await!

Details

MLS#608560
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1994
Days On Site76
Listing Provided ByBerkshire Hathaway HomeServices Keys Real Estate - Islamorada | LISA FRINS P.A.

Features

Bed(s)70
Bath(s) 74 Total
ZoningSC - Sub Urban
Acreage3.28
Water FrontYes

Market Activity 33037

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityKey Largo
Zip Code33037
Area27 Key Largo MM 97 107
Community NameMandalay Key Amt Plat (98.0)
Listing VS Median (in Mandalay Key Amt Plat (98.0))
Price:
$38,000,000
low | high
Med:
$30,000,000
71.052631578947% of Average
On Site:
76
low | high
Med:
75.000000
100% of Average
Sourced by Back At You
Listing Updated: April 17, 2024 at 2:10:33 PM PDT