27340 Overseas Highway

Ramrod Key, FL 33042
  • $7,500,000
  • STATUS: Active
  • ON SITE: 70 days
  • MLS #: 586958
UPDATED: 45 min ago
$7,500,000
  • 0
    BEDS
  • 1.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,969
    SQFT
  • $1,890
    $/SQFT
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Priced at 9.15% cap rate with active Mgmt. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

Monthly Payment Calculator



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.islandhomeskeywest.com/homes/97867718

27340 Overseas Highway Ramrod Key, FL 33042

  • Price: $7,500,000
  • Status: Active
  • Updated: 45 min ago
  • MLS #: 586958
0
Beds
0
Baths
0
½ Baths
1.67
Acres
3,969
SQFT
$1,890
$/SQFT
1958
Built
Neighborhood:
Breezeswept Bch Est (27.5)
County:
Monroe
Area:
09 - Ramrod Key
Property Description
Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Priced at 9.15% cap rate with active Mgmt. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.
Exterior Features

Building Height Ft 25.00 Construction Combo Construction Dockage Other Dockage Land Size 1 Less Than 2 Acres Lot Size 1.67 Acres Miscellaneous Chickee HutFencingHigh VisibilityHighway FrontageLobbyManager On PremisesPatioPoolUtility Building Roof Combo Roof Side Ocean Style Commercial Waterfront Canal Front Waterfront YN Yes Waterview Canal ViewOcean View

Interior Features

Appliances Other Yes Cooling Heating Combination A/C Floor Combo

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Ramrod Commercial Type Boat CareHotel/MotelMarinaOffice BuildingsOther Services Control Depth 4 Electric Circuit Breakers Fee Includes Other Key West Neighborhood Outside Of Key West Listing Board Key West Association Mile Marker 27.50 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Beverage License Property Type Commercial Sq Ft Source Tax Records Tax Year 2018 Taxes 37726.60 Title Negotiable Utilities Community Swr PlantFkaaPropane Gas Zoning Sc - Sub Urban Commercial District

Listing courtesy of Curtis A Skomp, Ccim of Re/Max Keys Connection (Kw).


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty
336 Duval Street
Key West FL, 33040