Bought with April Struhs • Coldwell Banker Schmitt Key Largo
$1,400,000
$1,950,000
28.2%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
10 Baths
10,150 SqFt
SOLD DATE : 12/01/2021
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $137
Subdivision Tavernier No 2 (91.5)
MLS Listing ID 591361
Sold Date 12/01/21
Bedrooms 15
Full Baths 10
Year Built 1936
Annual Tax Amount $23,595
Tax Year 2019
Lot Size 0.490 Acres
Property Sub-Type Commercial
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.
Location
State FL
County Monroe
Area 26 - Key Largo S Of Mm 96.9
Zoning SC - Sub Urban Commercial District
Exterior
Utilities Available FKAA, Municipal Sewer
Waterfront Description No
Building
Story 2.0
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