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21423 Overseas Hwy

1,250 SF 100% Leased Retail Building Cudjoe Key, FL 33042 $1,599,999 ($1,280/SF)

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Executive Summary

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. A perfect property for a 1031 exchange or working professionals for storage, workspace and extra income potential with endless opportunities. The property currently generates $108,000 in income, owner would consider holding mortgage for a qualified buyer. Please do not disturb Tenant.