Remarks

Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61-acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high-visibility commercial or mixed-use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market-rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high-profile billboard on-site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed-use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.

Details

MLS#: 612249
Price: $2,450,000

Style: Apartment 3 or more,Bar,Retail,Restaurant,Office Buildings,Hotel/Motel
Bedrooms: 4
Baths Full: 2
Baths Half: 0
Year Built: 1991

County: Monroe
Subdivision: Paraiso Estate (51.0)
Lot Size: Irregular
Tax Fee: 23601.00