Discover a prime investment opportunity with this unique commercial property located on 1.67 acres along the scenic Overseas Highway of the Florida Keys. This site features an impressive 470 of highway frontage and sits on a 40 wide canal, providing excellent boating access and approximately 17 boat slips along the seawall. Transferable quota Liquor License was recently appraised at $800,000. This license would allow for an onsite Liquor Store as well. There are 25 Transient Licenses Transient Licenses were recently appraised at $200,000 each for a total of $5,000,000.Currently this business is operating as the Looe Key Reef Resort, this multifaceted, profitable business includes a dive shop, motel, swimming pool, snorkel and dive charter business offering dive instruction and trips to the Looe Key sanctuary, a large tiki bar, kitchen and restaurant, and onsite food truck. Development Potential: The existing motel presents an excellent opportunity for conversion into affordable/workforce housing, allowing for the strategic relocation of the 25 transferable transient licenses within unincorporated Monroe County. This flexibility opens doors for various development scenarios, catering to diverse market needs. Offers a strategic advantage with the ability to transfer transient licenses to another location within 14 miles noting that the receiving site may not be required to adhere to affordable housing requirements, enhancing the potential for development or redevelop the current property. With its prime location, extensive licenses, and existing business operations, this property stands out as a lucrative investment opportunity in the heart of Floridas beautiful Keys. Dont miss your chance to capitalize on this rare offering.Buyer to verify all information.
Located on Cudjoe Key, only 20 miles from Key West. Transient use property, over 3.5 acres, 15 units (15 ROGO exemptions) over 300 feet of water frontage, boat basin, 3 concrete docks, one wooden dock, boat ramp. Excellent rental history, shared coin laundry, 2 swimming pools. 2 parcels on US 1 are zoned Sub Urban Commercial, 3 private driveways. Property spans from US 1 to the Atlantic Ocean. Owner is licensed Realtor. Please do not walk on the property without an appointment. Seller is licensed Realtor
Located just a block from Duval Street, Cabana Inn is hidden amongst shady trees to create a tranquil paradise. The historic conch estate, with cottages that were meticulously converted into a comfortable Key West hotel, features modern designs throughout the interior and exterior.Featuring 24 rooms that can accommodate one to five people, the Cabana Inn offers ten room types. Hotel amenities include lush interior courtyards, a refreshing lagoon style pool, a spacious in-ground Jacuzzi, and a large sun-yard with treetop walkways. The 16-room employee housing neighbors Cabana Inn as well.
North Niles at Ramrod Key: Premier Real Estate Development Opportunity in the Florida KeysLocated in the Florida Keys on Overseas Highway, Ramrod Key was named after a ship named Ramrod, which was wrecked on a reef south of the island in the early nineteenth century. Positioned at mile marker 26, North Niles at Ramrod Key is just 24 miles from Key West Airport.This prime property features over 1.5 miles of water frontage and is the largest single connected piece of land available in the Keys at 186 acres. It boasts the tallest bridge clearance from Key West to Marathon at 38 feet and the deepest boat basin at over 20 feet. With direct access to the Atlantic Ocean and Niles Channel, and over one mile of water frontage, this site is ideal for marine activities. Additionally, it offers almost half a mile of frontage on Overseas Highway, enhancing its visibility and accessibility.Zoning & Entitlements-Comprehensive zoning and entitlement due diligence has been completed for North Niles at Ramrod Key. The county has provided a Letter of Understanding (LOU) that outlines a path for developing 93,000 square feet of floor area and up to 9 homes, with the first Rate of Growth Ordinance (ROGO) already approved.The lots include a mix of habitats and zoning types, all of which have been documented and surveyed. Environmental studies and surveys are complete, confirming the lands suitability for development. Although the property includes more dwelling units than can be built due to clearing limitations, there is sufficient usable land. With dedication, additional ROGO points can be gained, expediting further development awards. Potential tax benefits from dedication or conservation easements add to the financial appeal of this investment.North Niles at Ramrod Key is the largest available developable tract in the Florida Keys, presenting a unique and exceptional opportunity for development in this sought-after region.
Opportunities like this are few and far between. Nestled on nearly 3 acres stretching from Overseas Highway to the sparkling waters of Florida Bay, this 21-room boutique hotel is a true hidden gem in the heart of Key Largo. Zoned Suburban Commercial and family-owned and operated for 35 years, this is one of the rarest bayfront hospitality offerings available in the Upper Keys.The property boasts direct bay access with dockage, a private beach, concrete boat ramp, concrete pool, outdoor grilling area, and multiple tiki huts--set against postcard-perfect sunset views. 11 of the rooms have been fully renovated with coastal modern kitchens, elegant bathroom tile, and furniture, while the remaining rooms have been freshly painted, furnished, and decorated income-producing - offering immediate rental income with room to elevate and expand.Walkable to fine dining, boutique shopping, and local attractions--yet entirely serene--this is more than a property; its a rare piece of paradise ready to become the next iconic destination in the Keys. With ample space for redevelopment and additional value-add opportunities, this is a rare find for investors or hoteliers seeking a turn-key operation with major upside potential. Dont miss your chance to own a piece of paradise in one of the most desirable destinations in the Florida Keys.NO SIGN ON PROPERTY. PLEASE CALL FOR SHOWINGS AND DO NOT WALK PROPERTY WITHOUT LISTING AGENT.
Located on the northside of Old Town only two blocks from the historic Key West Port,NYAH is walking distance from the main strip of bars and restaurants on Duval andproximate to historical landmarks such as the Southernmost Point, Ernest HemingwayHome, Key West Butterfly Conservatory, and Mallory Square. The Property is designed for hosting group travelers offering both private and shared guestrooms. Private Rooms can accommodate groups of up to six people and each guest is provided their own bed, locker, and set of towels. Guestroom amenities include en-suite bathrooms, private lockers, and personal charging docks. Home to three outdoorpools, NYAH is in possession of a bar license and serves drinks from the front desk. NYAH also features an office space which can be converted into a 3-bedroom transient unit. As the Property holds 36 transient licenses, no additional ROGO is needed.
Rarely available anywhere in the Florida Keys. Waterfront 103 Unit RV/ Mobile Home Park in Key Largo. 6.15 Acres Uplands Bayside with 29 wet boat slips. All but one RV/MH are tenant owned. County recognizes 53 Residential Dwelling Units (48 MH & 5 Attached), plus 50 Transient Residential Dwelling Units from 50 RV lots. 98 Units currently online. Priced at 3% cap rate with room to grow as is. URM Zoning allows possible commercial redevelopment incl. Vacation Rentals & Marinas or remain affordable & transfer entitlements. Baybottom lease with State of FL. Same family ownership since 1996
Located at 521 United Street, the Southernmost Inn was originally built in the 1800s as a Francisco Marrero cigar factory. With much of the old cigar factory features restored, the award-winning transformation allowed the old Key West designs to live on throughout a modern-day establishment. The Southernmost Inn offers 38 newly renovated rooms featuring modern interiors with a classic neo-colonial design. All guestrooms feature en-suite bathrooms, flat screen TVs, and colonial wooden blinds. The Boutique also boasts a gorgeous outdoor common area with lush gardens, two pools, one jacuzzi, a bar (currently closed), and a relaxing dining area.
The Pulse of Islamorada ... Iconic Islamorada Restaurant & Cabana Bar available for Sale, Real Estate and Business included. Spanning over 1,000 feet of bayfront and 500 ft of Highway frontage, where the locals & visitors come from near & far to watch nightly sunsets over the bay, enjoy food & libations, and listen to live bands daily. This property includes over 5 acres of real estate (survey available), full service bar with 5 Cop liquor license, 250 seat outdoor restaurant, private party & tournament hosting area. New parking lot, lighting, & drainage completed in 2020 with plenty of parking to expand the business. Concrete building built in 2015/2016 for gift shop, bathrooms, laundry, prep kitchen, storage, and more. In addition, property includes main kitchen, special event tiki bar, dockage, beach, boat ramp, and more. Sale includes 4 on site building rights & 2 boat slips in the Islamorada Yacht Basin located adjacent to property. Room for expansion.Voted Best Sunset year after year. Additional information and financials available upon request. NDA and POF required. Contact Listing Agent .All information to be verified by Buyer/Buyers Agent.