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99202 Overseas Highway
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PRICED AT ONLY: $15,900,000

Address: 99202 Overseas Highway, KEY LARGO, FL 33037

Description

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potential for TRE conversion, promising an exceptional return on investment.Key Largo Inn A 50 key, 62 room hotel boasts a 5COP full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs).The owner managed property ensures cohesive and efficient operations. More in depth information is available upon the execution of a signed Confidentiality Agreement.Unlock the potential of this prime property by converting it into a rehabilitative haven or assisted living facility. With its inviting ambiance this property offers an ideal canvas for a nurturing environment.Contact me to explore the endless possibilities that await in this unique investment opportunity!See MLS#608573 and MLS#608932 for both hospitalities combined.

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More Like This
  • MLS#: 608789 ( Hotel/Motel )
  • Street Address: 99202 Overseas Highway
  • Viewed: 8
  • Price: $15,900,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1953
  • Bldg sqft: 0
  • Bedrooms: 50
  • Total Baths: 50
  • Full Baths: 50
  • Additional Information
  • Geolocation: 25.0903 / -80.4441
  • County: MONROE
  • City: KEY LARGO
  • Zipcode: 33037
  • Subdivision: Sunset Cove (99.5)
  • Provided by: Berkshire Hathaway HomeServices Keys Real Estate -
  • Contact: LISA FRINS P.A.
  • (305) 664-4444
  • Florida Keys Board of REALTORS
  • DMCA Notice

Description

Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potential for TRE conversion, promising an exceptional return on investment.Key Largo Inn A 50 key, 62 room hotel boasts a 5COP full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs).The owner managed property ensures cohesive and efficient operations. More in depth information is available upon the execution of a signed Confidentiality Agreement.Unlock the potential of this prime property by converting it into a rehabilitative haven or assisted living facility. With its inviting ambiance this property offers an ideal canvas for a nurturing environment.Contact me to explore the endless possibilities that await in this unique investment opportunity!See MLS#608573 and MLS#608932 for both hospitalities combined.
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Features
Building and Construction
  • Construction: CBS, Concrete
  • Net Leasable Area: 26342.00
  • Sqft Source: Tax Records
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212135227274000000
  • Property Rights: Tranfrble Dev Right, Beverage License
Garage and Parking
  • Vehicle Storage: Common Parking, Guest Parking
Eco-Communities
  • Off Shore Island: No
  • Water View: No Waterview
Utilities
  • Utilities: FKAA
Finance and Tax Information
  • Fee Includes: None
Other Features
  • Alternate Key Num: 1622818
  • Appliances Other: more appliances
  • Appliances: Refrigerator
  • As Is Rght To Inspct: Yes
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Dockage: None
  • Legal Description: LOTS 2 THROUGH 19 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-13
  • Limitd Reprsntation: No
  • Mile Marker: 99.50
  • Miscellaneous: Lobby, Pool, Highway Frontage, High Visibility, High Traffc Location
  • Parcel Num: 00504940-000000
  • Side: Ocean
  • Style: Commercial
  • Year Established: 0000-00-00
  • Zoning: SC - Sub Urban Commercial District
Nearby Subdivisions
Bahia Mar (102.5)   Burlington Heights (92.0)   Key Largo Park (101.0)   Key Largo Trlr Village (101.5)   Lake Surprise Properties (106.   Largo Sound Park (103.5)   Lee Shores Amd Plat (104.0)   Mandalay (97.5)   Mandalay Key Amt Plat (98.0)   Misc Sub Mm 97-107 (98.0)   Monroe Park (112.5)   Ocean Isle Estates (106.0)   Pamela Villa (102.5)   Pirates Cove (key Largo) (98.5   Port Largo (100.0)   Richard Park (103.0)   Rock Harbor Est (98.0)   Sunset Cove (99.5)   Tarpon Acres (102.0)   Twin Lakes (103.0)   Unplatted Mm 97 - 107 (98.0)  
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  2. Baths: 7
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Opportunities like this are few and far between. Nestled on nearly 3 acres stretching from Overseas Highway to the sparkling waters of Florida Bay, this 21 room boutique hotel is a true hidden gem in

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  1. Bedrooms: 23
  2. Baths: 23
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Contact Info

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Wade M. Berlin

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