101500 Overseas Hwy - Auto Repair FOR SALE


Key Largo, FL 33037 | 
$6,500,000 USD
786-705-7411
101500 Overseas Hwy, Key Largo, FL for Sale
$6,500,000 USD
Auto Repair - FOR SALE
1/12
null | Request Cap Rate

101500 Overseas Hwy
Key Largo, FL 33037


HIGHLIGHTS

  • Acquire a highly visible 1.79-acre commercial property in Key Largo with an established automotive service facility and significant outdoor capacity.
  • 745 feet of frontage along US-1 and exposure to roughly 32,000 VPD provide exceptional visibility along the primary route through the Florida Keys.
  • Improvements include a 3,950-square-foot service building with multiple service bays and customer-facing frontage, supporting immediate occupancy.
  • Low building coverage leaves substantial land available for outdoor storage, expansion, or alternative commercial uses beyond the existing property.
  • Expansive paved areas accommodate vehicle circulation, customer parking, equipment staging, fleet storage, and a variety of outdoor operational needs.
  • Limited developable land and regulatory constraints make commercial properties of this scale and functionality increasingly difficult to find.

OVERVIEW

On the only highway connecting Key Largo to mainland South Florida and the Florida Keys, 101500 Overseas Highway offers buyers a highly visible 1.79-acre commercial property with an established operating footprint and significant outdoor utility. The site is improved with Wheatons Service Center, a 3,950-square-foot automotive service building featuring multiple service bays and customer-facing frontage, offering immediate functionality for automotive, marine, fleet, and service-oriented uses. Approximately 745 feet of frontage along US Highway 1 places the property in front of roughly 32,000 vehicles per day (VPD), providing broad exposure that is difficult to replicate in the constrained Keys commercial market. A substantial paved apron offers ample space for vehicle circulation, customer parking, equipment staging, fleet storage, and operational support. With reported building coverage of just 5.07%, the property's value extends well beyond the existing structure, leaving a significant portion of the site available for investors evaluating industrial outdoor storage (IOS), contractor yards, fleet facilities, equipment rental operations, or service-commercial operations. The diverse customer base includes residents, marine operators, contractors, service providers, seasonal visitors, and travelers moving throughout the Upper Keys. Nearby marine, automotive, hospitality, and tourism-related businesses help sustain year-round commercial activity. At the same time, the property's position directly across from the Publix-anchored Tradewinds Shopping Center enhances visibility and daily traffic exposure. Additional demand drivers include the surrounding residential communities and the neighboring RV park, producing a built-in customer base for vehicle servicing, maintenance, storage, and related services. Beyond its current operations, 101500 Overseas Highway offers long-term strategic value in a market where commercial development opportunities are increasingly limited. Island geography, scarce developable land, and regulatory constraints make large commercial sites with extensive highway frontage difficult to assemble. As a result, assets that provide immediate utility, substantial outdoor capacity, and flexibility for a range of commercial users seldom come to market in Key Largo. Contact the listing agent today to learn more about this unique Key Largo acquisition opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$1,646 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

SC

APN/PARCEL ID

00492790-000000

ASK ABOUT THIS PROPERTY

Daniel HampsonDaniel HampsonMore Info
786-705-7411

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Daniel HampsonDaniel HampsonMore Info
786-705-7411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.