1250 Overseas Highway

Description

COMMERCIAL OCEAN FRONT PROPERTY WITH BAY BOTTOM ON BUSY US1, LOCATED ACROSS FROM SHARK KEY! 462 FT OF ROAD FRONTAGE! 270 FT OF BEAUTIFUL OCEANFRONT! Zoned Suburban Urban Commercial. After 20 months of working with architects and engineers, this property is in final stage of permitting to build 37 storage condominiums size 14 W x 41 L x17 H Permit is waiting final water connection drawing then will be complete.This property has had two established businesses at location for 28 years. It is approved for multiple uses including storage and boat rentals and there has been consideration into building a non-live aboard marina with 350-500 slips with using the property for 125 parking spaces. Owner plans to purchase 10 new pontoon boats to upgrade the current rental business, due to health reasons, he wishes to give this amazing opportunity to the next person ready to take this property to its fullest potential! Proforma for pontoon boats and condominiums10 boats 500 per day per boat X 365 =1,825,000 75% rented =1,368,750 Condominium rental approach 37 units x 2,250=83,250 x 12 =999,00037 units x2,500=92,500 x12=1,110,000a minimum of approximately 2.3 million gross income for the year. Sales of condominium approach 37 units X 395,000=14,615,00037 units X450,000= 16,650,000