106240 Overseas Highway, Key Largo, FL 33037

$1,925,000

Property Type: Commercial Sale Baths: 2 Square Footage: 3,936 Lot Size (sq. ft.): 20,000 Status: Pending

Current Price: $1,925,000 List Date: 8/14/2025 Last Modified: 5/27/2026

Description

One of the first high visibility buildings as you enter into Key Largo on just under a half an acre of commercial property. This yellow two story office has 3936 SqFt under a/c and 900 SqFt of covered porch/parking. The ground floor north side is 1,300 SqFt and is currently leased to the Visitor's Center. The ground floor south side is 1,200 SqFt and the second story is 1,400 SqFt available for lease at $51.00 per SqFt (this is the base price plus their percentage of taxes, insurance and maintenance costs). This property is available for purchase and/or lease. New metal roof was installed in 2024. The back two lots are fenced and currently used as a storage area. Assumable SBA 504 loan in the amount of approximately $1,642,000 with a 25 year amortization rate.

More Information MLS# 616141

Contract Information

Listing Board: Florida Keys Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $1,925,000 Listing Date: 2025-08-14 List Price: $1,925,000

Location, Tax & Legal

City: KEY LARGO Mile Marker: 106 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1659347 Parcel #: 00535840-000000 Zoning: SC - Sub Urban Commercial District Legal: BK 7 LOTS 7-8 AND LOTS 55-56 LAKE SURPRISE ESTATES KEY LARGO PB4-162 OR366-602 OR401-481 OR538-574 OR531-183 OR647-522 Taxes: 12050.64 Tax Year: 2024 Street #: 106240 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Lake Surprise Properties (106.0) County: Monroe Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 100' x 200' Lot SqFt: 20000 Total Units: 3 # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 3936 Style: Commercial Living Apx SqFt: 3936 Year Built: 1994 Half Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: One of the first high visibility buildings as you enter into Key Largo on just under a half an acre of commercial property. This yellow two story office has 3936 SqFt under a/c and 900 SqFt of covered porch/parking. The ground floor north side is 1,300 SqFt and is currently leased to the Visitor's Center. The ground floor south side is 1,200 SqFt and the second story is 1,400 SqFt available for lease at $51.00 per SqFt (this is the base price plus their percentage of taxes, insurance and maintenance costs). This property is available for purchase and/or lease. New metal roof was installed in 2024. The back two lots are fenced and currently used as a storage area. Assumable SBA 504 loan in the amount of approximately $1,642,000 with a 25 year amortization rate. Directions: MM106 bayside on US1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Other Comrcl Style: 1 Retail: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

No Appliances: 1

Heating

Central: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

CBS: 1 Combo Construction: 1

Land Size

1/4 - 1/2 Acre: 1

Terms

Assumable: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Under Contract Date: 2026-02-11 Status: Pending

Property Features

Type: Other Comrcl Style; Retail Waterfront: None Waterview: No Waterview Dockage: None Heating: Central Utilities: FKAA; Municipal Sewer Appliances: No Appliances Construction: CBS; Combo Construction Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Assumable

Listing Office: Cornell Commercial Real Estate, Inc.

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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