1. Florida
  2. Ramrod Key
  3. 27340 Overseas Highway
$13,965,000

27340 Overseas Highway, Ramrod Key, FL 33042

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

SELLER FINANCING AVAILABLE | EPIC WATERFRONT COMMERCIAL GOLDMINE IN THE FLORIDA KEYSATTENTION INVESTORS, DREAMERS, DIVERS & TIKI BAR ENTHUSIASTS:Welcome to 1.67 acres of pure Keys magic -- with 470 feet of US-1 frontage, a 17-slip marina, and more licenses than a DMV on spring break. Presenting: Looe Key Reef Resort & Dive Center, a cash-flowing, reef-loving, boat-rocking hospitality machine.WHAT'S INCLUDED?25-unit motel with 25 Transient Licenses (aka golden tickets -- appraised \$5M+). Profitable dive/snorkel charter business with certified instruction and daily reef trips. Poolside Tiki Bar, full kitchen, and its own food truck. Gas pumps on-site (soon operational). 4COP Liquor License (\$800K+ value). Approved liquor store addition on site.INVESTOR TRANSLATION:This is a saltwater cash cow with serious upside. Boutique resort? Luxury work-play retreat? Multi-family with killer licenses? Yes, yes, and yes. Those 25 Transient Licenses? Moveable within unincorporated Monroe County and no affordable housing requirement if moved within a 14 mile radius.PRIME LOCATION:Minutes from Looe Key Reef, a top U.S. dive site. Central to Key West, Big Pine, and Marathon. Surrounded by world-class fishing, sunsets, and sunburned tourists with platinum cards.ISLAND MATH:1 island + 1.67 acres + 17 slips + 25 transient licenses + 1 liquor license + tiki bar + pool + gas pumps + food truck + liquor store approval = significant revenue potential.Land is scarce. Licenses are priceless. And the revenue potential? Massive.HIGHLIGHTS:Rare, high-value licenses. Diverse income streams. Redevelopment or turnkey play. High-visibility US-1 location. Seller financing available.PERFECT FOR: Bored investors. Semi-retired cocktail connoisseurs. Hoteliers with a vision. Developers with vision. Dreamers with deep pockets.Buyer to verify all.

Listing Status:
Active
Listing Office:
Bluescape Real Estate : (305) 395-3799 ext. 2
Listing Agent:
Lanny Gardner : (305) 797-8425
MLS ID:
613450
  • Disability Feature: For Sale

This listing courtesy of Lanny Gardner, Bluescape Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Big Pine Academy

30220 Overseas Hwy, Big Pine Key, FL, 33043

Grades PK-5

2.95 miles away

S

Sugarloaf School

255 Crane Blvd, Summerland Key, FL, 33042

Grades PK-8

7.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.