97360 Overseas Highway, KEY LARGO, FL

$38,000,000

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70

Beds

74

Baths

About 97360 Overseas Highway

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!

Features of 97360 Overseas Highway

MLS® # 608560
Price $38,000,000
Bedrooms 70
Bathrooms 74.00
Full Baths 72
Half Baths 2
Year Built 1994
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 97360 Overseas Highway
Area 27 - Key Largo MM 97-107
Subdivision Mandalay Key Amt Plat (98.0)
City KEY LARGO
County Monroe
State FL
Zip Code 33037

Amenities

Utilities FKAA
Parking Guest Parking, Common Parking
View Open Water View, Bay/Gulf View
Is Waterfront Yes
Waterfront Bay Front, Open Water

Interior

Appliances Refrigerator, Range, Washer, Dryer

Exterior

Lot Description 2 Less Than 5 Acres
Construction CBS, Poured Concrete Cnst

Additional Information

Date Listed February 5th, 2024
Days on Market 109
Zoning SC - Sub Urban Commercial District
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentLisa Frins P.a.
OfficeBerkshire Hathaway HomeServices Keys Real Estate - Islamorada

Listing Map

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