Home » Properties » 102970 Overseas Hwy, Key Largo FL 33037

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Prime Commercial Retail Space in Key Largo, FL

Exceptional 2,400 sqft retail building with adjacent vacant lot on Overseas Hwy, Key Largo. Versatile use with high visibility and easy access.

$2,965,000

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Florida Local Time --:--

MLS #A11905372

Listing Updated: 2026-07-28 12:20:04

Listed By: Florida Realty of Miami Corp

Overview

Located at 102970 Overseas Hwy in the heart of Key Largo, this 2,400 sqft standalone retail building offers a prime commercial opportunity. Built in 1991, the property sits on nearly a quarter-acre corner lot with frontage on Overseas Hwy and George Street, providing excellent visibility and accessibility from both north and south directions. Currently operating as an upscale bait and tackle shop, the sale includes running inventory, equipment, and fixtures for a seamless transition. The adjacent vacant lot, zoned residential, adds potential for future development, making this property highly versatile for retail, restaurant, or professional office use.

Property Highlights

2,400 sqft retail building, prime corner location, high visibility on Overseas Hwy, includes running inventory and equipment, adjacent vacant residential lot, versatile commercial use, built in 1991.

Property Details

City: Key Largo

State: FL

Zip Code: 33037

Address: 102970 Overseas Hwy, Key Largo FL 33037

Year Built: 1991

Property Type: Commercial Sale

Property Sub Type: Retail

Listing Office Name: Florida Realty of Miami Corp

County: Monroe County

Garage Spaces:

Parking Features: Guest

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $7,512

Days On Market: 217 Days

Original Listing Description

Exceptional Florida Keys Investment! This 2,400 SF self-standing Building sits on almost a 1/4 of an acre! This upscale Bait & Tackle Shop is prominently located in the heart of Key Largo on MM 102.9,. This Prime Corner Location with Overseas Hwy frontage,(Overseas Hwy & George Street) offers high visibility and easy-access from both directions whether traveling from the north or from the south! This business is offered with its running inventory, equipment and fixtures for a smooth transition. Also included is an adjacent vacant lot of almost 1/4 acre! The property is highly versatile, suitable for retail, restaurant or professional office use, while the adjacent lot is zoned residential, offering potential for future development. Endless Possibilities! Don't miss this rare opportunity!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

102970 Overseas Hwy, Key Largo FL 33037

About This Neighborhood

Situated in the vibrant community of Key Largo, this property enjoys proximity to local amenities, waterfront attractions, and a steady stream of both residents and tourists. The neighborhood is known for its blend of commercial and residential areas, offering a dynamic environment for businesses. Easy access to major roads and nearby destinations enhances convenience for customers and employees alike, contributing to the location’s desirability for retail and professional uses.

Walkability & Lifestyle

The property’s location on Overseas Hwy places it within reach of several dining, shopping, and recreational options. Walkability is enhanced by nearby local businesses, waterfront areas, and public spaces. This accessibility supports daily convenience for customers and staff, making it a practical choice for retail or office use. The surrounding area offers a blend of pedestrian-friendly amenities and easy vehicle access.

Things To Do Nearby

Key Largo is known for its outdoor lifestyle, including boating, fishing, and water sports. Nearby marinas, parks, and waterfront dining provide a variety of leisure activities. The area’s vibrant tourism scene supports a range of entertainment and cultural options, making it an attractive location for businesses that cater to both residents and visitors seeking recreational experiences.

Nearby Schools

Key Largo offers access to a range of educational institutions serving the local community. Families and employees benefit from the convenience of nearby schools, which support the area's residential neighborhoods. The presence of schools contributes to the overall community infrastructure, enhancing the appeal of commercial properties that serve local residents and visitors alike.

Why Buyers Like This Area

Buyers appreciate this property for its strategic corner location with high visibility and accessibility on a major highway. The combination of a well-maintained retail building and an adjacent vacant lot offers flexibility for various commercial or mixed-use projects. Its setting in Key Largo, a sought-after Florida Keys community, adds lifestyle and business appeal. The property suits buyers looking for established operations or development potential in a dynamic market.

Investment Potential

This property in Key Largo offers a unique opportunity for investors seeking a versatile commercial space with added development potential. The existing retail building benefits from high traffic exposure along Overseas Hwy, attracting a steady flow of customers. The adjacent vacant lot, zoned residential, allows for future expansion or diversification, enhancing the property's long-term appeal. Its location in a popular Florida Keys destination supports consistent tenant interest and seasonal demand, making it a practical option for various business models.

Market Trends

The commercial real estate market in Key Largo remains active, driven by demand for well-located retail and mixed-use properties. Limited inventory of standalone buildings with adjacent development opportunities makes this listing notable. Buyers are attracted to properties that combine visibility, accessibility, and flexibility in use. The area's appeal as a tourist and local hub supports sustained interest from business owners and investors looking for stable commercial assets in the Florida Keys.

Rental Income Potential

Properties like this retail building in Key Largo typically attract tenants seeking high-exposure locations with easy customer access. The inclusion of the adjacent vacant lot offers potential for expansion or complementary uses, which can increase rental appeal. Seasonal tourism in the Florida Keys may influence rental demand, providing opportunities for businesses catering to both locals and visitors. While rental income can vary, the property's location and versatility contribute positively to its leasing prospects.