27340 Overseas Highway , FL - Ramrod
Commercial
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.
Listing Summary for 27340 Overseas Highway
Price:
$13,965,000
Bedrooms:
n/a
Bathrooms:
n/a
Half Baths:
n/a
Square Footage:
n/a
Lot Sq. Ft.:
72,845
Year Built:
n/a
Property Type:
Commercial
Sub-Type:
Commercial
MLS® #:
613450
Status:
Active
Address:
27340 Overseas Highway
City:
Ramrod
State:
FL
Zip:
33042
County:
Monroe
Key:
Ramrod Key
Side of Island:
Ocean
Community:
Breezeswept Beach Estates
Mile Marker:
27.50
Tax Year:
2023
Date Listed:
02-01-2025
Additional Information
Is Waterfront:
Yes
Waterfront Type:
n/a
View
n/a
Has Pool:
n/a
Pool Info:
n/a
Short Sale:
No
Foreclosure:
No
Pets:
n/a
Docakge Type:
n/a
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
n/a
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The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (613450) is provided courtesy of (Bluescape Real Estate). Data last updated on 04-02-2025.
