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21423 Overseas Hwy 1,250 SF Vacant Retail Building Cudjoe Key, FL 33042 $1,845,000 CAD ($1,476.00 CAD/SF) 10.37% Cap Rate
Investment Highlights
- Prime Lower Keys Commercial Real Estate for sale.
- 37,748 SF or .87 acres of useable uplands with submerged baybottom.
- Corner location at MM 21 and Blimp Road.
- 200 Feet highway frontage by 190 Feet deep.
Executive Summary
Prime Commercial property in the Lower Keys
Excellent visibility on
Overseas Highway
Corner location at
Blimp Road
3 Parcels of Land
Approx. 37,748 SF (.87 Ac) Uplands
200’ of highway frontage X 190’ deep
Over 2 Acres of owned
baybottom
Existing 1,250 SF CBS Building
Building may be expanded or demolished and rebuilt
Favorable Suburban
Commercial (SC) Zoning
Many Commercial uses
possible
Limited supply of COM real estate in Lower Keys
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Signage
- Waterfront
- Drive Thru
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The Ultimate Keys Business & Lifestyle Compound 21423 Overseas Highway, Cudjoe Key, FL 33042 3.1 Acres | Zoned Suburban Commercial | Dual-Unit Building Strategic location meets island convenience. This 3.1-acre compound is perfectly positioned for a commercial operator, a serious maritime hobbyist, or an owner-operator looking for the perfect live-work setup. Unbeatable Site Logistics • Premier Accessibility: Located at a main intersection with a dedicated turning lane, ensuring seamless entry and exit for heavy equipment and large trailers. • Boater’s Dream: Forget the highway traffic—enjoy convenient access to a favored local boat ramp located right at the end of the road. • 1 Acre of Storage: A massive, cleared section of the property is ready for your fleet, construction machinery, RVs, or boat storage. • Maximum Exposure: High-visibility highway frontage featuring an on-site billboard for premier branding or advertising. The Building: Modern & Multi-Functional A fully renovated, "like-new" structure designed for versatility and accessibility. • Two Private Units: Both units feature full, modern bathrooms. • Unit 1 (Residential): A complete 1-bedroom residence—perfect for an owner or on-site manager. • Unit 2 (Office/Studio): A professional workspace or secondary living area. • ADA Compliant: Includes a handicapped ramp already in place. Zoning & Privacy • Zoned Suburban Commercial (SC): Allows for a wide range of uses, from retail and professional offices to light industrial and heavy equipment storage. • 3.1 Acre Perimeter: The expansive acreage ensures total privacy from neighbors, creating a secure and quiet compound. ________________________________________ Don’t settle for a cramped lot. Secure the most versatile 3-acre parcel on Cudjoe Key today.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 625-1,250 SF | Flex | - | Now |
1st Floor
| Size |
| 625-1,250 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 625-1,250 SF |
| Space Use | Flex |
| Position | - |
| Available | Now |
The Ultimate Keys Business & Lifestyle Compound 21423 Overseas Highway, Cudjoe Key, FL 33042 3.1 Acres | Zoned Suburban Commercial | Dual-Unit Building Strategic location meets island convenience. This 3.1-acre compound is perfectly positioned for a commercial operator, a serious maritime hobbyist, or an owner-operator looking for the perfect live-work setup. Unbeatable Site Logistics • Premier Accessibility: Located at a main intersection with a dedicated turning lane, ensuring seamless entry and exit for heavy equipment and large trailers. • Boater’s Dream: Forget the highway traffic—enjoy convenient access to a favored local boat ramp located right at the end of the road. • 1 Acre of Storage: A massive, cleared section of the property is ready for your fleet, construction machinery, RVs, or boat storage. • Maximum Exposure: High-visibility highway frontage featuring an on-site billboard for premier branding or advertising. The Building: Modern & Multi-Functional A fully renovated, "like-new" structure designed for versatility and accessibility. • Two Private Units: Both units feature full, modern bathrooms. • Unit 1 (Residential): A complete 1-bedroom residence—perfect for an owner or on-site manager. • Unit 2 (Office/Studio): A professional workspace or secondary living area. • ADA Compliant: Includes a handicapped ramp already in place. Zoning & Privacy • Zoned Suburban Commercial (SC): Allows for a wide range of uses, from retail and professional offices to light industrial and heavy equipment storage. • 3.1 Acre Perimeter: The expansive acreage ensures total privacy from neighbors, creating a secure and quiet compound. ________________________________________ Don’t settle for a cramped lot. Secure the most versatile 3-acre parcel on Cudjoe Key today.
Property Taxes
| Parcel Number | 00175330-000000 | Improvements Assessment | $200,206 CAD (2025) |
| Land Assessment | $652,482 CAD (2025) | Total Assessment | $852,688 CAD (2025) |
Property Taxes
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21423 Overseas Hwy
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