$1,400,000
Key Largo, FL 33070
MLS# 591361
Status: Closed
15 beds | 10 baths | 10150 sqft

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Property Description
Prime Mixed Use Income Producing property in Tavernier. 5 Commercial spaces. In addition, there are 6 Affordable residential units with a total of 15 bedrooms and 10 baths! Great for rentals or employee housing. Total of 10,150 sf. in 5 buildings on nearly 1/2 acre lot. Most of the buildings were totally renovated in 2017 & 18. Ample customer parking in front, side and rear. Corner lot has good visibility and access on Overseas Hwy with Atlantic Circle Dr. on the side and Tavern Dr. in rear. Currently 2 of 5 Commercial units occupied and 6 Apartments are mostly vacant. Projected Potential Gross Income of $20,000 per mos or more. Formerly the property was the historic Tavernier Hotel and now a landmark property in Tavernier.
Details
Maps
Contract Information
Current Price: $1,400,000
Listing Date: 2020-06-16
Listing Board: Key West Association
Leased Price Monthly: $1,400,000
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 91865
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Subdivision: Tavernier No 2 (91.5)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: .49 acres
Lot SqFt: 21252
Waterfront: No
Off Street Parking: 12
# Stories: 2
Total # Buildings: 5
Building SqFt: 10150
SqFt Source: Seller
Living Apx SqFt: 10150
Total Units: 11
Year Built: 1936
Total Bedrooms: 15
Full Baths: 10
Total Baths: 10
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2021-11-30
Leased Date: 2021-12-01
Leased Price Monthly: $1,400,000
Status: Closed
Property Features
Type: Office Buildings; Professional Service
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Construction: CBS
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 31 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
Broker Attribution:
cskomp@remax.net