101600 Overseas Hwy - Manufactured Housing/Mobile Housing FOR SALE


Key Largo, FL 33037
$21,000,000 USD
305-304-0084
101600 Overseas Hwy, Key Largo, FL for Sale
$21,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/62
null | Request Cap Rate

101600 Overseas Hwy
Key Largo, FL 33037


HIGHLIGHTS

  • Same Family Ownership since 1996
  • 103 Total Units recognized by Monroe County
  • Bayfront with 29 Wet Boat Slips
  • Rarely available anywhere in the Florida Keys
  • Owners rent lots only/ All MH's & RV's are Tenant Owned

OVERVIEW

Waterfront 103 Unit RV/ Mobile Home Park in Key Largo! A rare find anywhere in the Florida Keys or even all of South Florida. Same family ownership since 1996. The Bayside Site encompasses 6.15 Acres Uplands and includes 29 wet boat slips. County recognizes 53 Residential Dwelling Units (48 MH & 5 Attached), plus 50 Transient Residential Dwelling Units from 50 RV lots. 98 Units are currently online. The owners only own one MH, the others are all tenant owned. URM Zoning allows possible commercial redevelopment including Vacation Rentals & Marinas or remain affordable & sell and transfer entitlements. Baybottom lease with State of FL. Site plans are in place for options to redevelop the uplands. One plan design lays out 33 RV pads and 29 Mobile Homes, 62 units total. The Balance of recognized but unused entitlements may be sold off. Another redevelopment calls for 35 Single Family Homes and 63 Hotel Bungalow Suites. Both plans include Clubhouse, Restaurant, lazy river plus two additional pools, coffee shop and souvenir shop as matter of right without going through the County major development process.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$5,650 USD /SF

# OF UNITS

53

PRICE/UNIT

$396,226

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Largo Waterfront RV- Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.15 AC

LAND SF

267,894 SF

ZONING

URM

APN/PARCEL ID

00492780-000000

ASK ABOUT THIS PROPERTY

Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

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Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

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