Development Site Key Largo FL
Investment Highlights
Key Largo, FL – Independent Hotel / Redevelopment Opportunity. 50-key exterior corridor hotel w/ restaurant & bar (5COP liquor license) with 23,092 SF building on 49,500 SF lot. Unit mix includes 12 two-room suites (ADR ~$250) and 38 standard king rooms (ADR ~$199). Amenities include resort-style outdoor pool. Current performance approx. 40% avg occupancy with ~$900K NOI. Sale includes 50 transient rental licenses (TDRs) which can be transferred or sold separately. Existing air rights & licenses also allow redevelopment into a new 50-key waterfront hotel elsewhere in Monroe County, creating additional monetization while converting the existing site to alternative use such as affordable housing. (total value +20M) Normal sale ownership retiring. Asking: $15.5M, negotiable.
Location
📍 Key Largo FL
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages since 2021, from public ACRIS filings.
- Bcc Funding Crf LLC — 9 loans, typically $530K–$1.01M
- S3 Re 30-11 12TH Street Funding LLC — 4 loans, typically $405K–$8M
- G4 18267, LLC — 3 loans, typically $1.5M–$68.64M
- Pccp Lm Manager, LLC — 3 loans, typically $8.5M–$82.13M
- S3 Re 19 Clay St Funding LLC — 3 loans, typically $6.89M–$38.74M
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