90184 Overseas Hwy - Restaurant FOR SALE


Tavernier, FL 33070
$4,500,000 USD
772-403-3752
90184 Overseas Hwy, Tavernier, FL for Sale
$4,500,000 USD
Restaurant - FOR SALE
1/17
null | Request Cap Rate

90184 Overseas Hwy
Tavernier, FL 33070


HIGHLIGHTS

  • Fully renovated in 2024
  • Corner location provides great visibility
  • Nearly adjacent lot for overflow parking
  • Traffic count of 28,000 cars per day
  • Zoned Commercial General
  • 146 feet of frontage on Overseas Highway

OVERVIEW

90184 Overseas Highway presents an opportunity to acquire a commercial asset positioned along the Florida Keys' primary transportation corridor. The two-story building is located on U.S. Highway 1 in Tavernier, providing visibility and accessibility within the Upper Keys. The property sits within the established Tavernier business district, an area that includes government offices, healthcare facilities, educational institutions, retail services, and daily-needs destinations that support year-round commercial activity. The building was originally developed for financial-services use and offers a layout suitable for a variety of office, professional, service-oriented, and retail users, subject to local regulations. Its corner positioning and frontage along Overseas Highway enhance exposure to residents, visitors, and businesses traveling throughout the Keys. The surrounding area benefits from limited commercial land availability and serves as a key service hub between Key Largo and Islamorada. Tavernier's location within Monroe County provides access to a stable mix of tourism, marine industries, local services, healthcare, and government employment. The property's placement near Mariners Hospital, Coral Shores High School, and major retail destinations contributes to consistent activity throughout the surrounding area. Combined with direct access to U.S. Highway 1, the asset offers connectivity to the broader Florida Keys market while maintaining proximity to local demand generators. The property's existing improvements, established commercial setting, and prominent highway presence create potential for investors and owner-users seeking a recognizable commercial location in the Upper Keys.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$589 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida Keys Restaurant/Apartment Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

CG

APN/PARCEL ID

00431670-000000,00431870-000000

ASK ABOUT THIS PROPERTY

Nikolaus SchrothCushman & WakefieldMore Info
772-403-3752

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Nikolaus SchrothCushman & WakefieldMore Info
772-403-3752

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