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32196361
32196241

26837 Overseas Highway, Summerland Key, FL 33042

CP
FL 3223583
Nicklaus Vance Realty Group
Listed by Nicklaus Vance Realty Group
$225,000
35 days on market
Updated 35 days ago

Ramrod Key Land

Details
APN 00114030-000000, 00207230-000000
Property Type Land
Sub Type Commercial
Square Footage 7,340
Tenancy Vacant
Price per SqFt $31
Acreage 0.168
Zoning Commercial

Suburban Commercial Zoned Land on Overseas Highway

Marketing description

Rare opportunity to acquire a commercially zoned, vacant land parcel, fronting on U.S. Highway 1 in Ramrod Key, Florida. The subject property is 7,340 square foot vacant parcel with 50 feet of direct Overseas Highway frontage. Zoned Suburban Commercial (SC) under the Monroe County Land Development Code.

The site comprises 0.168 acres, with all major utilities including; water, sewer, electric, gas, and telecommunications, available at or near the property boundary. The parcel's regular shape and flat terrain minimize site work costs and maximize developable area. No interior road, shared access, or secondary positioning between the property and one of Florida's most trafficked scenic corridors.

The SC zoning designation permits a wide array of commercial uses, including retail, office, and restaurant operations of low to medium intensity as-of-right, with pathways through Monroe County's conditional use process for light industrial uses such as warehousing and storage. Also zoned for commercial recreational operations. A use category in particularly strong demand given the area's dive, fishing, and water sports economy. With available commercial land throughout unincorporated Monroe County constrained by the Area of Critical State Concern designation, ROGO growth management regulations, and the county's limited developable land base, entitled parcels with direct highway frontage of this kind represent a truly unique.

The offering of Ramrod Key Land presents a rare opportunity to acquire a development ready parcel in a supply constrained, high demand market. At $225,000, or approximately $30.65 per square foot of land, this offering represents a compelling entry price for a commercially zoned, highway fronting parcel in the Florida Keys. Comparable commercial land trades are rare and prices have appreciated steadily as available inventory has contracted.

Investment highlights

  • Diminishing supply of infrastructure ready land parcels in The Keys continues to drive appreciation for well located sites like this offering.
  • Approximate Mile Marker: 27.5, Overseas Highway (U.S. 1)
  • U.S. Highway 1 Frontage: 50 Feet
  • Zoning: Suburban Commercial (SC)
  • Improvements: None. Vacant Land
  • As-of-Right Development: Up to 2,500 SF Commercial Retail, Office, or Restaurant
  • Conditional Use Potential: Commercial Recreation; Light Industrial / Warehousing
  • Asking Price: $225,000
  • Price Per Square Foot (Land): $30.65 PSF

Listing Contacts

CP
FL 3223583
Nicklaus Vance Realty Group
Listed by Nicklaus Vance Realty Group

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Additional Information

Name
CASEY PRINDLE
License
3223583
Brokerage
Nicklaus Vance Realty Group
Brokerage Phone
786-443-7203
Title
Real Estate Salesperson
Brokerage Address
5340 Donald Ross Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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