Welcome to an unparalleled investment opportunity in the heart of Key Largo! Resorts of Key Largo Inc. proudly presents prime commercial property, strategically located in a highly coveted area. This exclusive offering combines a hotel with potential for TRE conversion, promising an exceptional return on investment. Key Largo Inn - A 50-key, 62-room hotel boasts a 5COP full liquor license. Perfectly situated for a developer's dream conversion to sell 50 Transferable ROGO Exemption (TREs). The owner-managed property ensures cohesive and efficient operations. More in-depth information is available upon the execution of a signed Confidentiality Agreement. Unlock the potential of this prime property by converting it into a rehabilitative haven or assisted living facility. With its inviting ambiance this property offers an ideal canvas for a nurturing environment. Contact me to explore the endless possibilities that await in this unique investment opportunity! See MLS#608573 and MLS#608932 for both hospitalities combined.
MLS# | 608789 |
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Listing Type | For Sale |
Building Name | Key Largo Inn |
Sub-Type | Resale |
Status | Active |
Year | 1953 |
Days On Site | 205 |
Listing Provided By | Berkshire Hathaway HomeServices Keys Real Estate - Islamorada | LISA FRINS P.A. |
Bed(s) | 50 |
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Bath(s) | 50 Total |
SQ Feet | 26,342 |
Zoning | SC - Sub Urban |
Acreage | 0.80 |
Property View | No Waterview |
State | FL |
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County | Monroe |
City | KEY LARGO |
Zip Code | 33037 |
Area | 27 Key Largo MM 97 107 |
Community Name | Sunset Cove (99.5) |
Listing VS Median (in Sunset Cove (99.5)) | |
Price: $15,900,000 low | high Med: $15,900,000 SqFt: 26,342 low | high Med: 26,342 $ / SqFt: $604 low | high Med: $604 On Site: 205 low | high Med: 205.000000 |