21423 Overseas Highway

Description

Rare Commercial Gem on US 1 in Cudjoe Key, Over 3 Acres, Income-Producing with Expansion Potential. This prime commercial property sits at the high-traffic corner of US Highway 1 and Blimp Road in Cudjoe Key, featuring a dedicated turn lane, 200 feet of highway frontage, and 700 feet along Blimp Road for unmatched visibility and access. Zoned SC (Suburban Commercial) and NEC (Native Ecosystem Conservation) this versatile parcel offers over 3 acres total with nearly 1 acre of usable uplands, and a range of income-generating and development opportunities. A fully renovated 1,250 SF concrete building, split into two unitsOne unit includes a full kitchen, laundry, and bath, the other is a dedicated office space with a full bath, ADA-compliant with concrete wheelchair ramp, energy-efficient upgrades throughout and a fully fenced approx. 100' x 100' open yard space. Two driveways, RV hookups, storage units, water, sewer, and power on site, legal billboard-style signage on US 1, Crystal-clear water views on the north side with no neighboring structures--ideal for a destination restaurant, waterfront bar, or food truck park. SC zoning allows for a wide array of commercial uses, such as: Construction staging or contractor yard, retail center, marine services, gift shop, or medical office, live/work units or an outdoor event venue, affordable housing development with potential for 18 units per acre (verify with Monroe County). Currently producing $108,000 annually in rental income. Perfect for 1031 exchange or long-term investors. Owner may hold mortgage for a qualified buyer. Located in the heart of the Lower Keys, just 20 minutes from Key West, this high-visibility corner delivers a rare combination of privacy, accessibility, and waterfront charm--with ample parking, water access, and no neighbors on the northern side. Whether you're expanding operations, starting a destination business, or land banking for the future.--this is your canvas. Please do not disturb tenant.