99202 Overseas Hwy - Hospitality FOR SALE


Key Largo, FL 33037
$13,900,000 USD
305-900-4232
99202 Overseas Hwy, Key Largo, FL for Sale
$13,900,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

99202 Overseas Hwy
Key Largo, FL 33037


HIGHLIGHTS

  • 450 feet on US 1
  • Total of 9 parcels included in sale
  • With 50 valuable transient licenses

OVERVIEW

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms—including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.

FOR SALE DETAILS

PRICE

$13,900,000 USD

PRICE/SF

$528 USD /SF

# OF ROOMS

50

PRICE/ROOM

$278,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Largo Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1953

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

SC

APN/PARCEL ID

00504940-000000,00504950-000000,00504960-000000,00504970-000000,00504980-000000,00504990-000000,00505000-000000,00505010-000000,00505020-000000

ASK ABOUT THIS PROPERTY

Greg DullyRE/MAX All Keys Real Estate - Commercial TeamMore Info
305-900-4232

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Greg DullyRE/MAX All Keys Real Estate - Commercial TeamMore Info
305-900-4232

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