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24326 Overseas Highway - Summerland Marina, Summerland Key, FL

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24326 Overseas Highway - Summerland Marina

Summerland Key, FL 33042-4804

(1.1 MB)

Property Type:Specialty Sub Type:Marina Status:Existing Year Built:1968
Stories:1 Typical Floor:8,998 SF Building Size:8,998 SF
For Sale Price:$2,250,000 Price/SF:$250.06
Cap Rate:-

40 Boat Dry storage racks, 3,000 SF Retail, Repair Shop, Bait Store, 4 Apartments, 1 House

Sale Notes:
Price Reduced! Rare marina offering in the Lower Keys between Marathon and Key West. Property is currently underutilized and has potential to maximize rental and business revenue with 30,000 SF of land and 300 feet of US 1 Waterfront property. The building is just under 9,000 SF containing retail, storage, marine repair, bait store, a 2 bedroom/2 bath house and the potential to
add four affordable housing units. Separate dry racks on site with 40 slips and billboard income on property. Located in an affordable density bonus zoning of 18 units per acre which could deliver a total of 12 affordable units that could be built on site.

On the South side of US Hwy 1, 300 front feet of property zoned Suburban Commercial at mile marker 24.3.

BHHS Knight & Gardner Realty
Claude J Gardner
(305) 766-3133

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