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The New Tavernier 91865 Overseas Hwy

10,150 SF 87% Leased Retail Building Tavernier, FL 33070 £5,117,580 (£504/SF) 7.38% Net Initial Yield

Investment Highlights

  • Multimillion dollar renovations to the entire property including new pavers, new updated exterior, high-impact windows and doors
  • Long-term tenants fully leased at market rent
  • perfect opportunity for 1031 exchange!
  • Turnkey investment opportunity providing a yield of high return!
  • Primarily located on the Overseas Highway

Executive Summary

TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Highway between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $500,000 gross income with the potential to raise rents to $550,000 a year once leases expire!
100% OCCUPANCY!
Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. This mixed-use commercial property features premium-quality materials, upgrades, meticulous attention to detail, and substantial revenue opportunities.
The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint - COMPLETLEY REDONE FROM A-Z!! Seller financing negotiable terms . Please inquire.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,150 SF
Building Class
B
Year Built/Renovated
1936/2023
Price
£5,117,580
Price Per SF
£504
Net Initial Yield
7.38%
NOI
£377,914
Percent Leased
87%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.48
Land Acres
0.49 AC
Zoning
SC - Suburban Commercial
Parking
30 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
140 ft on Overseas Highway

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Freeway Visibility
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Recessed Lighting
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 202
  • 1,300 SF
  • Retail
  • -
  • Now

This brand-new commercial space boasts 1300 square feet of versatile interior space that was recently remodeled and a sprawling 1,200sqft outdoor deck, primed to welcome your dream business. Whether you're looking for a vibrant atmosphere for your coffee shop, a modern office space or an indoor restaurant with an open-air patio look no further! Situated on a bustling Overseas Highway, your business gains maximum exposure to constant foot traffic and car rides. The asking rent is $4,000 per month plus expenses. Don't miss this golden opportunity to be the first to occupy this prime location and launch your vision in paradise.

Space Size Space Use Position Available
202 1,300 SF Retail - Now

202

Size
1,300 SF
Space Use
Retail
Position
-
Available
Now

202

Size 1,300 SF
Space Use Retail
Position -
Available Now

This brand-new commercial space boasts 1300 square feet of versatile interior space that was recently remodeled and a sprawling 1,200sqft outdoor deck, primed to welcome your dream business. Whether you're looking for a vibrant atmosphere for your coffee shop, a modern office space or an indoor restaurant with an open-air patio look no further! Situated on a bustling Overseas Highway, your business gains maximum exposure to constant foot traffic and car rides. The asking rent is $4,000 per month plus expenses. Don't miss this golden opportunity to be the first to occupy this prime location and launch your vision in paradise.

Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00555610-000000
Land Assessment
£676,193
Improvements Assessment
£435,342
Total Assessment
£1,111,535
  • Listing ID: 30132840

  • Date on Market: 20/11/2023

  • Last Updated:

  • Address: 91865 Overseas Hwy, Tavernier, FL 33070

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