106309 Overseas Highway, Key Largo, FL 33037

$675,000

Aerial view of the 4 lots with Alley way

Corner of Abaco Road, US1, and lot 17 wi

View of lot 16 and partial Commercial lo

Back yard of commerial lot 17, plants no

View from lot 17 towards highway and oth

Property Type: Commercial Sale Baths: 1 Square Footage: 425 Lot Size (sq. ft.): 3 Status: Closed

Current Price: $675,000 List Date: 4/21/2020 Last Modified: 2/28/2025

Overview

Description

Great opportunity for an Investor with vision! Lots of options. One Commercial Property on a corner lot on US1 Overseas Hwy & three additional residential cleared lots with permits applied for. This property combined has 266 feet of Highway frontage by 100 feet deep at the entrance of Key Largo mile marker 106 Ocean side, giving you amazing Exposure. This is one full block on the Highway, from Abaco Rd to North End Rd. This property is close to the new proposed Community College Coming soon. The commercial building offers 425 sqft of usable or leasable area under central a/c, and a half bathroom. There is a lot of parking in front of the building as well as the side. Existing sign visible from both sides. Explore all the options here, perhaps rezone the Residential lots, & build dorms,

Supplements: or multi use, with Residential on top floors and Commercial on first floor. You could meet with Monroe County and see what your options are. Or simply build three Residential homes on the three residential lots, Or build Two residential homes and combine the adjacent residential lot with commercial lot and rebuild commercial property. Or keep it ... (Read more)

Listing Details MLS# 590613

Location, Tax & Legal

Street #: 106309
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Ocean Isle Estates (106.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
City: KEY LARGO
Mile Marker: 106
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: X,X
Alternate Key #: 1661988
Add'l Parcel #1: 1661970,1661961
Parcel #: 00538470-000000
Add'l Parcel #2: 1661953
Zoning: CG - General Commercial
Legal: BK 2 LT 17 OCEAN ISLE EST PB5-14 KEY LARGO OR786-1768 OR786-1769 OR799-2019 OR823-1110/13 OR1200-2148/49FJ OR1202-1687 O
Taxes: 2444.86
Tax Year: 2019

Contract Information

Listing Board: Florida Keys
Limited Representation: Yes
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 3
Waterfront: No
Off Street Parking: yes
# Stories: Yes
Total # Buildings: Yes
Building SqFt: 425
SqFt Source: Property Data Card
Living Apx SqFt: 425
Year Built: 1962
Half Baths: Yes
Total Baths: Yes
Control Depth: 0
Total Units: 0

Status Change Info

Under Contract Date: 2020-12-29
Sold Date: 2021-01-27

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: Great opportunity for an Investor with vision! Lots of options. One Commercial Property on a corner lot on US1 Overseas Hwy & three additional residential cleared lots with permits applied for. This property combined has 266 feet of Highway frontage by 100 feet deep at the entrance of Key Largo mile marker 106 Ocean side, giving you amazing Exposure. This is one full block on the Highway, from Abaco Rd to North End Rd. This property is close to the new proposed Community College Coming soon. The commercial building offers 425 sqft of usable or leasable area under central a/c, and a half bathroom. There is a lot of parking in front of the building as well as the side. Existing sign visible from both sides. Explore all the options here, perhaps rezone the Residential lots, & build dorms,

Type

Office Buildings: Yes
Retail: Yes
Other Services: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

No Appliances: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Construction

CBS: Yes
Combo Construction: Yes

Land Size

1/2 - Less Than 1 AC: Yes

Utilities

FKAA: Yes
Separate Meters: Yes

Property Features

Type: Office Buildings; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Separate Meters Appliances: No Appliances Construction: CBS; Combo Construction Land Size: 1/2 - Less Than 1 AC Fee Includes: None

Documents

Elevation Certificate (seller's) ›

Lot 14, Blk 2 - Conditions Report ›

Listing Office: Century 21 Circle

Last Updated: February - 28 - 2025

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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