$7,500,000

27340 Overseas Highway

Ramrod Key FL, 33042

Description

Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Priced at 9.15% cap rate with active Mgmt. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

Details

MLS#586958
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1958
Days On Site66

Features

SQ Feet3,969
Story(s)2
ZoningSC - Sub Urban Commercial Distri

Market Activity 33042

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Area Information

StateFL
CountyMonroe
CityRamrod Key
Zip Code33042
AreaLower Keys
SubareaOutside of Key West
Listing VS Median (in 33042)
Price:
$7,500,000
low | high
Med:
$539,000
100% of Average
SqFt:
3,969
low | high
Med:
984
100% of Average
$ / SqFt:
$1,890
low | high
Med:
$548
100% of Average
On Site:
66
low | high
Med:
17
100% of Average
Listing Updated: 10/17/2019
MLS Number: 586958
Listing Provided By:
Curtis A Skomp, CCIM  of  RE MAX Keys Connection (KW)