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99202 Overseas Highway
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PRICED AT ONLY: $13,900,000

Address: 99202 Overseas Highway, KEY LARGO, FL 33037

Description

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms including 38 standard rooms and 12 spacious two room suites with king beds and sleeper sofas, ideal for families and extended stays. On site amenities include a resort style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed use purposes, this is a one of a kind investment opportunity in one of the Florida Keys' most desirable and high demand markets.

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More Like This
  • MLS#: 615905 ( Hotel/Motel,Bar,Other Services,Restaurant )
  • Street Address: 99202 Overseas Highway
  • Viewed: 20
  • Price: $13,900,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1953
  • Bldg sqft: 0
  • Bedrooms: 50
  • Total Baths: 50
  • Full Baths: 50

Description

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms including 38 standard rooms and 12 spacious two room suites with king beds and sleeper sofas, ideal for families and extended stays. On site amenities include a resort style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed use purposes, this is a one of a kind investment opportunity in one of the Florida Keys' most desirable and high demand markets.
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Features
Building and Construction
  • Construction: CBS
  • Net Leasable Area: 23092.00
  • Roof: Concrete Roof
  • Sqft Source: Property Data Card
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212135227274000000
Garage and Parking
  • Vehicle Storage: Off Street Parking, Trailer Storage
Eco-Communities
  • Water View: No Waterview
Utilities
  • Utilities: FKAA, Buyer to Verify
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2024
Other Features
  • Alternate Key Num: 1622818
  • Appliances: Refrigerator
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Dockage: None
  • Legal Description: LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-1350
  • Limitd Reprsntation: No
  • Mile Marker: 99.50
  • Miscellaneous: Handicap Access, Pool, Other Miscellaneous, Highway Frontage, High Visibility, High Traffc Location, Fencing, Lobby
  • Parcel Num: 00504940-000000
  • Side: Ocean
  • Style: Commercial
  • Views: 20
  • 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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