Home » Properties » 98468 Overseas Hwy, Key Largo FL 33037

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Mixed-Use Commercial Property on Overseas Hwy, Key Largo

Unique commercial property with marina license and road frontage on Overseas Hwy in Key Largo, FL.

$2,850,000

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MLS #A11890457

Listing Updated: 2026-07-22 00:31:30

Listed By: RE/MAX All Keys Real Estate

Overview

This mixed-use commercial property located at 98468 Overseas Hwy in Key Largo offers a rare opportunity with 125 feet of road frontage on a major highway. The site includes a storage yard facility licensed for marina operations on the bay side, enhancing its versatility. Improvements on the property include an office building, living space, and a separate cottage, providing functional spaces for various business needs. Built in 1953, this property combines strategic location with multiple uses, ideal for buyers seeking a commercial asset with waterfront access in a vibrant Florida Keys community.

Property Highlights

125 feet road frontage, marina license, storage yard facility, office and living space, separate cottage, bay side location, mixed-use commercial property.

Property Details

City: Key Largo

State: FL

Zip Code: 33037

Address: 98468 Overseas Hwy, Key Largo FL 33037

Year Built: 1953

Property Type: Commercial Sale

Property Sub Type: Mixed Use

Listing Office Name: RE/MAX All Keys Real Estate

County: Monroe County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $10,856

Days On Market: 247 Days

Original Listing Description

INCREDIBLE OPPORTUNITY! 125 feet of Road frontage on Overseas Highway Storage Yard Facility with Marina License located on the Bay Side Property has many improvements including office building and living space with additional separate cottage Don't miss out on this amazing opportunity CALL L/A for showings and details Do not visit the property without an appointment

Property Location

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

98468 Overseas Hwy, Key Largo FL 33037

About This Neighborhood

Key Largo is known for its vibrant coastal community and proximity to the Florida Keys National Marine Sanctuary. The neighborhood offers a mix of residential, commercial, and recreational spaces, with easy access to boating and fishing activities. Local amenities include dining, shopping, and outdoor recreation, making it a popular destination for residents and visitors alike. The area around Overseas Highway is a key corridor that supports various businesses and marine services, contributing to the dynamic character of this part of Key Largo.

Walkability & Lifestyle

The property’s location on Overseas Highway offers convenient access to nearby restaurants, shops, and services essential for daily needs. Key Largo’s walkability varies, with commercial corridors like this providing practical access to local amenities. Outdoor enthusiasts appreciate the proximity to waterfront areas and parks, supporting an active lifestyle. While primarily a commercial zone, the surrounding neighborhood includes residential areas and recreational spots accessible by short drives or walks, enhancing overall convenience and quality of life.

Things To Do Nearby

Key Largo is renowned for its outdoor and waterfront activities, including boating, fishing, diving, and exploring the Florida Keys National Marine Sanctuary. Nearby marinas and waterfront parks provide ample opportunities for recreation and relaxation. The area also offers dining options featuring fresh seafood and local cuisine. Cultural events and community activities add to the lifestyle appeal. This commercial property benefits from its location in a vibrant area where both residents and visitors enjoy a variety of leisure pursuits.

Nearby Schools

Key Largo provides access to educational institutions serving the local community, including public and private schools within reasonable commuting distances. Families and business owners benefit from the area's educational infrastructure, which supports a balanced lifestyle. The proximity to schools contributes to the neighborhood's appeal, offering convenience for residents and employees alike. While this property is commercial, its location within Key Largo means educational access is part of the broader community amenities.

Why Buyers Like This Area

Buyers appreciate this Key Largo property for its strategic location on a major highway combined with marina access, offering both visibility and waterfront advantages. The mixed-use nature allows for diverse business applications, including storage, office, and residential components. The community’s appeal lies in its coastal charm, recreational opportunities, and accessibility to major Florida Keys destinations. This property suits buyers seeking a versatile commercial asset in a well-established and dynamic market.

Investment Potential

This commercial property in Key Largo presents a unique opportunity for investors interested in mixed-use assets with marina access. Its location on Overseas Highway ensures visibility and accessibility, important factors for attracting tenants or business operations. The marina license adds value by enabling waterfront activities, appealing to marine-related businesses. While the property offers diverse uses, potential buyers should consider local market conditions and seasonal demand typical to the Florida Keys. Overall, it holds appeal for those seeking a versatile commercial space in a sought-after coastal area.

Market Trends

The Key Largo commercial real estate market reflects steady interest due to its strategic location along the Overseas Highway and waterfront access. Demand for mixed-use properties with marina licenses remains consistent among buyers looking for versatile commercial spaces. Inventory levels can vary seasonally, influenced by tourism and local economic factors. Long-term interest in properties offering both business and residential components supports stable market conditions, making Key Largo a notable area for commercial real estate activity within the Florida Keys.

Rental Income Potential

Properties with marina licenses and mixed-use capabilities in Key Largo typically attract tenants involved in marine services, storage, and office operations. The waterfront location enhances rental appeal, especially for businesses requiring bay access. Seasonal demand driven by tourism and boating activities can influence occupancy rates. While rental income potential exists, investors should evaluate market trends and tenant profiles carefully to align expectations with local conditions. The property's combination of office, living, and storage spaces offers flexibility for various rental uses.