$949,000

21423 Overseas Highway

Cudjoe Key FL, 33042

Description

Very large commercial lot zoned SC and NEC at the corner of US Hwy 1 & Blimp Road in Cudjoe Key, with a 1250 SF building suitable for any commercial use. The property delivers 200 feet of US 1 highway frontage and 700 feet on Blimp Road direct access as well. Lot totals over three acres and just under one acre of usable uplands, but expansion is possible with the existing building. SC zoning allows for 18 affordable units per acre, verify with County for specifics. The Tenants in place currently deliver an income stream of $8,700 per month, without the additional housing potential.. A perfect property for a 1031 exchange or working professionals for storage, workspace and extra income potential with endless opportunities. Please do not disturb Tenant.

Details

MLS#591877
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1980
Days On Site61

Features

SQ Feet1,250
ZoningSC - Sub Urban Commercial Distri

Market Activity 33042

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Area Information
StateFL
CountyMonroe
CityCudjoe Key
Zip Code33042
AreaLower Keys
Listing VS Median (in 33042)
Price:
$949,000
low | high
Med:
$622,500
84.404636459431% of Average
SqFt:
1,250
low | high
Med:
1,782
7.44% of Average
$ / SqFt:
$759
low | high
Med:
$357
100% of Average
On Site:
61
low | high
Med:
142
42.957746478873% of Average
Listing Updated: 09/27/2020
Team Gardner/Langley LogoMLS Number: 591877
Listing Provided By:
Team Gardner/Langley  of  Berkshire Hathaway Knight Gardner Realty