24171 Overseas HWY Summerland Key, FL 33042
3 Baths
1,998 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,998 sqft
Price per Sqft $850
Subdivision Summerland Key Cove (25.0)
MLS Listing ID 620841
Half Baths 3
HOA Y/N No
Year Built 2006
Annual Tax Amount $6,092
Tax Year 2025
Lot Size 0.654 Acres
Acres 0.65
Lot Dimensions X
Property Sub-Type Commercial
Land Area 1998
Property Description
Whether you are looking to hold a strong income-generating asset or immediately capitalize on aggressive redevelopment incentives, this property delivers on both fronts.
Key highlights and value drivers:
1. Immediate revenue stream:
Turnkey restaurant and offices with solid existing leases in place. Collect strong passive income from day one while finalizing design, architectural or permitting plans. Suburban commercial (SC) zoning.
2. Live Local Act authorization:
Authorized under Florida's Live Local Act, unlocking unprecedented density, floor area ratio (FAR) and height allowances for mixed-use or affordable/workforce residential development.
3. Unmatched visibility and location:
Direct highway exposure along the primary artery connecting Key West to the Middle Keys, capturing continuous tourist traffic and serving the local community
4. Development and investment potential:
Enjoy stable rental yields from established commercial tenants while holding the land for long-term appreciation or future phase expansion
Location
State FL
County Monroe
Area 08 - Summerland Key
Zoning SC - Sub Urban Commercial District
Direction Mile Marker 24 - Overseas Hwy - Gulf side
Interior
Interior Features Smoke Alarms, Furnished
Heating Central
Cooling Wall/Window Unit(s), Ceiling Fans(s), Central Air
Flooring Tile
Appliance Other, Refrigerator
Exterior
Utilities Available Municipal Sewer, Propane
Waterfront Description Salt Ponds
Roof Type Metal Roof
Garage No
Others
HOA Fee Include None
Tax ID 00114700-000000
Miscellaneous High Visibility, Highway Frontage, High Traffic Location
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