About 99202 Overseas Highway
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.
Features of 99202 Overseas Highway
| MLS® # | 608789 |
|---|---|
| Price | $15,900,000 |
| Bedrooms | 50 |
| Bathrooms | 50.00 |
| Full Baths | 50 |
| Square Footage | 26,342 |
| Year Built | 1953 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 99202 Overseas Highway |
|---|---|
| Area | 27 - Key Largo MM 97-107 |
| Subdivision | Sunset Cove (99.5) |
| City | KEY LARGO |
| County | Monroe |
| State | FL |
| Zip Code | 33037 |
Amenities
| Utilities | FKAA |
|---|---|
| Parking | Common Parking, Guest Parking |
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | Refrigerator |
|---|
Exterior
| Lot Description | 1/2 - Less Than 1 AC |
|---|---|
| Construction | CBS, Poured Concrete Cnst |
Additional Information
| Date Listed | February 17th, 2024 |
|---|---|
| Days on Market | 206 |
| Zoning | SC - Sub Urban Commercial District |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Lisa Frins P.a. |
|---|---|
| Office | Berkshire Hathaway HomeServices Keys Real Estate - Islamorada |