27340 Overseas Hwy - Hospitality FOR SALE


Ramrod Key, FL 33042
$13,965,000 USD
305-797-8425
27340 Overseas Hwy, Ramrod Key, FL for Sale
$13,965,000 USD
Hospitality - FOR SALE
1/52
null | Request Cap Rate

27340 Overseas Hwy
Ramrod Key, FL 33042


HIGHLIGHTS

  • 17 boat slips along the seawall
  • Multitude of Development Opportunities
  • Strategic Investment in the Florida Keys

OVERVIEW

SELLER FINANCING AVAILABLE | EPIC WATERFRONT COMMERCIAL GOLDMINE IN THE FLORIDA KEYS ATTENTION INVESTORS, DREAMERS, DIVERS & TIKI BAR ENTHUSIASTS: Welcome to 1.67 acres of pure Keys magic — with 470 feet of US-1 frontage, a 17-slip marina, and more licenses than a DMV on spring break. Presenting: Looe Key Reef Resort & Dive Center, a cash-flowing, reef-loving, boat-rocking hospitality machine. WHAT’S INCLUDED? • 25-unit motel w/ 25 Transient Licenses (aka golden tickets — appraised $5M+!) • Profitable dive/snorkel charter biz w/ certified instruction + daily reef trips • Poolside Tiki Bar, full kitchen + its own food truck • Gas pumps on-site (soon operational) • 4COP Liquor License ($800K+ value) • Approved liquor store addition on site INVESTOR TRANSLATION: This is a saltwater cash cow with serious upside. Boutique resort? Luxury work-play retreat? Multi-family with killer licenses? Yes, yes, and yes. Those 25 Transient Licenses Moveable within unincorporated Monroe County and within a 14 mile radius — no affordable housing strings attached. PRIME LOCATION: • Minutes from Looe Key Reef, a top U.S. dive site • Central to Key West, Big Pine & Marathon • Surrounded by world-class fishing, sunsets & sunburned tourists with platinum cards ?? ISLAND MATH: 1 island + 1.67 acres + 17 slips + 25 transient licenses + 1 liquor license + tiki bar + pool + gas pumps + food truck + liquor store approval = ?????? Land is scarce. Licenses are priceless. And the revenue potential? Massive. ?? HIGHLIGHTS: • Rare, high-value licenses • Diverse income streams • Redevelopment or turnkey play • High-visibility US-1 location • Seller financing available = rare unicorn PERFECT FOR: • Bored investors • Semi-retired cocktail connoisseurs • Hoteliers with a vision • Developers with island vibes • Dreamers with deep pockets and vision Possible SBA loan loan assumption Buyer to verify all

FOR SALE DETAILS

PRICE

$13,965,000 USD

PRICE/SF

$1,276 USD /SF

# OF ROOMS

25

PRICE/ROOM

$558,600 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Looe Key Reef Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

SC

APN/PARCEL ID

00200900-000000

ASK ABOUT THIS PROPERTY

Lanny GardnerBluescape Real EstateMore Info
305-797-8425

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Lanny GardnerBluescape Real EstateMore Info
305-797-8425

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