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27001 Overseas Hwy
Cudjoe Key, FL 33042
Retail Property For Sale
Executive Summary
Prime Lower Keys Commercial Property for sale on Ramrod Key. 3 Lots total 28,132 sf. or .65 acres with nearly 189' of frontage on Overseas Hwy aka Jimmy Buffett Memorial Hwy.!! Excellent visibility from the highway going both North and Southbound. This is a Corner lot at Coral Ave and Overseas Hwy with additional rear access off Old State Rd. 4A. Three sides with roads give this property ample room for ingress and egress for cars, large trucks and big equipment. Many commercial uses allowed with favorable SC- Suburban Commercial zoning. Perfect for Contractor or many retail uses possible including Marine/Boat/Trailer/RV or Boat dealer, Convenience store, or historically used for a Landscaping business. Lot is completely fenced and many parking spaces within and around the property. There is a shallow water well on the property that can be used for irrigation. On site is an existing 1,434 sf. CBS building. It can be a demo and completely redeveloped or exisitng building could used for offices and possible residential. Historically a homesteaded property, the ROGO currently not recognized by the County but a determination pending. Plus there is a nicely built Tiki Hut, a storage building with half bath for customers, potting shed and another utility building. There is a limited supply of SC zoned commercial lots in the Lower Keys.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,234 SF
Building Class
C
Year Built
1958
Price
$1,698,750 CAD
Price Per SF
$1,376.62 CAD
Cap Rate
10%
NOI
$169,875 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.65 AC
Zoning
SC - Suburban Commercial (SC) supports small-scale commercial, office, and light industrial development within mixed-use areas under county zoning rules.
Parking
30 Spaces (24.31 Spaces per 1,000 SF Leased)
Frontage
189’ on Overseas Highway
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