Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61 acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high visibility commercial or mixed use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high profile billboard on site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.
Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61 acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high visibility commercial or mixed use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high profile billboard on site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.
Features
Building and Construction
Construction: Combo Construction
Net Leasable Area: 2396.00
Num Stories: 2.0
Sqft Source: Tax Records
Property Information
Property Group Id: 19990816212135227274000000
Property Rights: Beverage License, Transfer Bldg Rights, Multi-Use/Commercial
Garage and Parking
Vehicle Storage: Off Street Parking
Eco-Communities
Off Shore Island: No
Water View: No Waterview
Utilities
Electric: Three Phase
Utilities: FKAA, Municipal Sewer
Finance and Tax Information
Fee Includes: None
Tax Year: 2023
Other Features
Alternate Key Num: 1421421
Appliances: No Appliances
As Is Rght To Inspct: Yes
Association Info 1st Right Of Refusal: No
Association Info Mandatory Home Owners Asc: No
Dockage: None
Flood Zone: AE
Legal Description: TRACT A PARAISO ESTATES PB5-2 KEY VACA
Limitd Reprsntation: Yes
Mile Marker: 51.00
Miscellaneous: Chickee Hut, Highway Frontage, High Traffc Location
One of the few large parcels left in the Middle Keys. 1.64 acres directly on US 1 with one building containing 2,396 net leasable area, and vested commercial square footage 4,354 sq ft. 300' + of Hig
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