107900 Overseas Highway, Key Largo, FL 33037 (MLS# 119608)

107900 Overseas Highway, Key Largo, FL 33037

$11,200,000

Property Type: Commercial Sale Lot Size (sq. ft.): 180,773 Status: Closed

Current Price: $11,200,000 List Date: 4/01/2014 Last Modified: 9/10/2024

Overview

Description

Amazing 4 acre Keys Resort! Gilbert's is the perfect getaway and only a 45 minute drive from Miami. 38 hotel rooms, 38 deeded boat slips + 680' dockage on deep water Intercostal Waterway. 4,600 sq ft 160 seat restaurant, Spectacular 6,000 sq ft+ outdoor TIKI rest/bar w/280 seats, & separate 1,500' Tiki Bar on beach. Liquor lic. incl. Beautiful beach, marina, dock office, front desk, pool, 8,000 gal fuel, boat ramp. Transient lic'd. Private entry to US-1. Developmental rights to 38 1-bed hotel available. Operate as-is or remodel to new hotel or condo. Potential owner financing.

Listing Details MLS# 119608

Location, Tax & Legal

Street #: 107900
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Key Largo City Garden Cove (106.0)
County: Monroe
Area: 27 - Key Largo MM 97-107

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: Yes

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 180773
Waterfront: Yes
Control Depth: 8
Business Name: Gilbert's Restort
Year Established: 1967-01-01
Building SqFt: 19330
Total Units: 38
Year Built: 1967

Status Change Info

Under Contract Date: 2014-08-15
Leased Date: 2014-08-28

License Info

# of Transient Licns: 2

Association Info

Mandatory Home Owners Asc: No

More Information

Dockage

Dock: Other
Seawall: Other

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic; SRX (Non-Transferab) Type: Hotel/Motel; Marina; Office Buildings; Restaurant; Other Services Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Boat Slip; Other Dockage Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Heat; Heat Pump; Wall/Window Unit(s) Utilities: Community Swr Plant; FKAA; Individual Swr Plant; Separate Meters; Sewer Available Interior Features: Laundry Room Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Manager on Premises; Open Water View; Pool; Residence on Premise; Storage Construction: CBS; Combo Construction; Concrete; Frame; Other Floor: Combo; Concrete; Tile; Wood Roof: Combo Roof; Concrete Roof; Shake Roof; Shingle Roof; Tar/Gravel Roof Land Size: 2 Less Than 5 Acres Terms: Seller Finance Psble Title: Negotiable Property Rights: Beverage License

Listing Office: Royal Palms Realty (KW)

Last Updated: September - 10 - 2024

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