24171 Overseas Hwy - Storefront Retail/Office FOR SALE


Summerland Key, FL 33042 | 
$1,600,000 USD
305-393-2116
24171 Overseas Hwy, Summerland Key, FL for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 5.38% Cap Rate

24171 Overseas Hwy
Summerland Key, FL 33042


OVERVIEW

Immediate income from existing leases. Tremendous redevelopment opportunity. Both parcels have authorization under Florida's Live Local Act. This provides special provisions for the development of workforce and market rate residential housing. It also allows for up to 50% more commercial development. There is also a covered area outside with a security fence that can easily rent for $700 to $900 per month for additional income.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$801 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,245 SF

ZONING

SC

APN/PARCEL ID

00114700-000000

ASK ABOUT THIS PROPERTY

Chuck MackEXIT Realty ParadiseMore Info
305-393-2116

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

Chuck MackEXIT Realty ParadiseMore Info
305-393-2116

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