91865 Overseas Hwy - Hospitality FOR SALE


Tavernier, FL 33070
$6,000,000 USD
786-327-3923
91865 Overseas Hwy, Tavernier, FL for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

91865 Overseas Hwy
Tavernier, FL 33070


HIGHLIGHTS

  • Multimillion dollar renovations to the entire property including new pavers, new updated exterior, high-impact windows and doors
  • Turnkey investment opportunity providing a yield of high return!
  • Long-term tenants fully leased at market rent
  • Primarily located on the Overseas Highway
  • perfect opportunity for 1031 exchange!

OVERVIEW

TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Highway between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $520,000 gross income with the potential to raise rents to $550,000 a year once leases expire! 100% OCCUPANCY! Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. This mixed-use commercial property features premium-quality materials, upgrades, meticulous attention to detail, and substantial revenue opportunities. The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint - COMPLETLEY REDONE FROM A-Z!! Seller financing negotiable terms . Please inquire.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$591 USD /SF

# OF ROOMS

17

PRICE/ROOM

$352,941 {currency}

CAP RATE

Request Cap Rate

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The New Tavernier

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1936

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

SC

APN/PARCEL ID

00555610-000000

ASK ABOUT THIS PROPERTY

Shani MaimoniRelatedISG RealtyMore Info
786-327-3923

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Shani MaimoniRelatedISG RealtyMore Info
786-327-3923

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