99202 Overseas Hwy, Key Largo, FL 33037
50 Room Hotel | Key Largo, FL 33037 | $15,900,000 ($318,000/Room)
For Sale
Active
15 pictures
Asking Price $15,900,000
- Property Type
-
Hospitality
- Square Feet
- 26,342 SF
Listing Contacts
Lisa Frins
- Property Info
Property Overview
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.
Property Details
- Class
- B
- Year Built
- 1953
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 34,848 SF
- Units
- 50
Highlights
- Located in a highly coveted area in Key Largo
- The owner-managed property ensures cohesive and efficient operations
- Financial information is available upon the execution of a Confidentiality Agreement
- 50 potential Transferrable ROGO Exemption (TRE) conversion
- 5COPS full liquor license
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