24171 Overseas Highway, Summerland Key, FL 33042 (MLS# 620841)

24171 Overseas Highway, Summerland Key, FL 33042

New Listing

$1,700,000

Property Type: Commercial Sale Baths: 3 Square Footage: 1,998 Lot Size (sq. ft.): 23,245 Status: Active

Current Price: $1,700,000 List Date: 8/03/2026 Last Modified: 8/03/2026

Overview

Description

Prime commercial property and investment opportunity! An exceptional multi-faceted real estate opportunity the the heart of the Florida Keys. Positioned directly on Overseas Highway with prime frontage, 24171 Overseas Highway consists of two contiguous parcels offering immediate cash flow combined with tremendous future development potential. Whether you are looking to hold a strong income-generating asset or immediately capitalize on aggressive redevelopment incentives, this property delivers on both fronts. Key highlights and value drivers: 1. Immediate revenue stream: Turnkey restaurant and offices with solid existing leases in place. Collect strong passive income from day one while finalizing design, architectural or permitting plans. Suburban commercial (SC) zoning. 2. Live Local Act authorization: Authorized under Florida's Live Local Act, unlocking unprecedented density, floor area ratio (FAR) and height allowances for mixed-use or affordable/workforce residential develo ... (Read more)

Listing Details MLS# 620841

Location, Tax & Legal

Street #: 24171
Street Name: Overseas
Street Suffix: Highway
Key/Island: Summerland Key
State/Province: FL
Zip Code: 33042
Subdivision: Summerland Key Cove (25.0)
County: Monroe
Area: 08 - Summerland Key
City: Summerland
Off Shore Island: No
Mile Marker: 25
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE,AE
Alternate Key #: 1145424
Add'l Parcel #1: 00114660-000100
Parcel #: 00114700-000000
Zoning: SC - Sub Urban Commercial District
Legal: 26 66 28 SUMMERLAND KEYS PT LOT 8 (A/K/A W 1/2 LOT C, LOT D, LOT E) AND PORTION OF STATE ROAD 5 ADJACENT TO LOT D AND W
Taxes: 6092.52
Tax Year: 2025

Contract Information

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 23245
Waterfront: No
Business Name: Fresh Properties LLC
Building SqFt: 1998
SqFt Source: Tax Records
Living Apx SqFt: 1998
Year Built: 2006
Half Baths: 3
Total Baths: 3
Control Depth: 0
Total Units: 0

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Appliances

Other: restaurant equipment
Refrigerator: Yes

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Prime commercial property and investment opportunity! An exceptional multi-faceted real estate opportunity the the heart of the Florida Keys. Positioned directly on Overseas Highway with prime frontage, 24171 Overseas Highway consists of two contiguous parcels offering immediate cash flow combined with tremendous future development potential. Whether you are looking to hold a strong income-generating asset or immediately capitalize on aggressive redevelopment incentives, this property delivers on both fronts. Key highlights and value drivers: 1. Immediate revenue stream: Turnkey restaurant and offices with solid existing leases in place. Collect strong passive income from day one while finalizing design, architectural or permitting plans. Suburban commercial (SC) zoning. 2. Live Local Act authorization: Authorized under Florida's Live Local Act, unlocking unprecedented density, floor area ratio (FAR) and height allowances for mixed-use or affordable/workforce residential development. 3. Unmatched visibility and location: Direct highway exposure along the primary artery connecting Key West to the Middle Keys, capturing continuous tourist traffic and serving the local community 4. Development and investment potential: Enjoy stable rental yields from established commercial tenants while holding the land for long-term appreciation or future phase expansion
Directions: Mile Marker 24 - Overseas Hwy - Gulf side

Deed Restrictions

No: Yes

Type

Office Buildings: Yes
Other Comrcl Style: Yes
Restaurant: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Wall/Window Unit(s): Yes

Heating

Central: Yes

Waterfront

Salt Ponds: Yes

Waterview

Salt Ponds: Yes

Floor

Tile: Yes

Interior Features

Furnished: Yes
Smoke Alarms: Yes

Construction

Combo Construction: Yes

Land Size

1/2 - Less Than 1 AC: Yes

Utilities

Municipal Sewer: Yes
Propane: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes
Highway Frontage: Yes

Roof

Metal Roof: Yes

Tenant Paid

Cable: Yes
Electric: Yes
Water: Yes

Property Features

Deed Restrictions: No Type: Office Buildings; Other Comrcl Style; Restaurant Waterfront: Salt Ponds Waterview: Salt Ponds Dockage: None Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Heating: Central Utilities: Municipal Sewer; Propane Interior Features: Furnished; Smoke Alarms Appliances: Refrigerator Miscellaneous: High Traffc Location; High Visibility; Highway Frontage Construction: Combo Construction Floor: Tile Roof: Metal Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None Tenant Paid: Cable; Electric; Water

Listing Office: EXIT Realty Paradise

Last Updated: August - 03 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.