98640 Overseas HWY, Key Largo, FL 33037
98640 Overseas HWY, Key Largo, FL 33037
98640 Overseas HWY, Key Largo, FL 33037
98640 Overseas HWY, Key Largo, FL 33037
98640 Overseas HWY, Key Largo, FL 33037
98640 Overseas HWY, Key Largo, FL 33037
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Listed by David Vina RE/MAX City Centre Realty
$ 2,850,000
Est. payment | /mo

2 Beds

2 Baths

1,020 SqFt


Save
$ 2,850,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,020 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,020 sqft

Price per Sqft $2,794

Subdivision Rock Harbor Manor (97.0)

MLS Listing ID 622048

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1974

Annual Tax Amount $33,415

Tax Year 2025

Lot Size 1.085 Acres

Acres 1.09

Lot Dimensions X

Property Sub-Type Commercial

Land Area 1020

Property Description

RARE KEY LARGO INVESTMENT & REDEVELOPMENT OPPORTUNITY! Discover this unique approximately 1.04-acre property ideally situated along Overseas Highway in the heart of Key Largo. Offering a combination of existing income, residential and historical commercial uses, and future redevelopment potential, this property presents an exceptional opportunity for investors, developers, and owner-users.

A significant highlight is the existing residential dwelling unit, officially recognized by Monroe County as lawfully established and eligible for replacement without obtaining a new residential ROGO allocation, subject to applicable development approvals. County ROGO determination letter available upon request.

The property carries a Residential Low (RL) Future Land Use designation and Suburban Residential (SR) zoning. According to the seller, existing residential and commercial uses may continue subject to applicable restrictions. The property's history of commercial activity, existing improvements, and residential entitlement create opportunities for continued income production, owner occupancy, or potential redevelopment.

Located along the primary corridor connecting the Florida Keys, with waterfront exposure and convenient access to surrounding communities, this distinctive offering combines location, versatility, and long-term investment potential.

Location

State FL

County Monroe

Area 27 - Key Largo Mm 97-107

Zoning RL - Residential Low

Interior

Heating Electric, Central

Cooling Central Air

Appliance No Appliances

Exterior

Utilities Available FKAA

Waterfront Description Bay Front

Garage No

Others

HOA Fee Include None

Tax ID 00521490000100

Miscellaneous High Visibility, Utility Building, Residence on Premise

Acceptable Financing No Seller Finance, Buyer Obtain Finance

Listing Terms No Seller Finance, Buyer Obtain Finance

Nearby Locations