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92295 Old State Road, KEY LARGO, FL

$2,500,000 - $2.5M Price - 16,090 Sqft - 64 DOM

Unique investment opportunity in Upper Keys for long term investors or buyers looking for 1031 Exchange property to purchase. Ocean Studies Charter School, a Montessori Island School, is the tenant with a Triple Net (NNN) Lease. Base rent is $204,000/ yr. with tenant paying all expenses. Equals 8.16% cap rate at asking price. Lease is renewed every 5 years with funding from the State. Lot size is .86 Acres or 37,477 sf. There is 2 story building with approx. 6,241 sf. rentable space. CBS building built in 1994 for the school. Ample parking for employees and offloading area for parents & students. Current student count is 106 and expected to grow. Listing shared with another Commercial Real Estate firm in Miami.

Essential Information

For 92295 Old State Road, KEY LARGO, FL
  • MLS® # 584858
  • Price $2,500,000
  • Bathrooms 0.00
  • Square Footage 16,090
  • Year Built 1994
  • Type Commercial
  • Sub-Type Commercial
  • Status Active

Community Information

For 92295 Old State Road, KEY LARGO, FL
  • Address 92295 Old State Road
  • Area 26 - Key Largo S of MM 96.9
  • Subdivision Tavernier Ocean Shores (92.0)
  • City KEY LARGO
  • County Monroe
  • State FL
  • Zip Code 33037

Amenities

For 92295 Old State Road, KEY LARGO, FL
  • Utilities FKAA, Municipal Sewer
  • View No Waterview
  • Waterfront None

Interior

For 92295 Old State Road, KEY LARGO, FL
  • Appliances No Appliances
  • # of Stories 2

Exterior

For 92295 Old State Road, KEY LARGO, FL
  • Lot Description 1/2 - Less Than 1 AC
  • Construction Other Construction

Additional Information

For 92295 Old State Road, KEY LARGO, FL
  • Date Listed March 22nd, 2019
  • Days on Market 64
  • HOA Fees 0.00

Zoning

For 92295 Old State Road, KEY LARGO, FL

SC - Sub Urban Commercial District

Listing Details

For 92295 Old State Road, KEY LARGO, FL
  • Agent Curtis Skomp, Ccim
  • Office RE/MAX Keys Connection (KW)

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