Key Largo, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Key Largo, Florida Market population: 12K. Explore income-producing properties with verified cap rates and...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Key Largo FL Properties: 0.5900%

📊 Average Income For Key Largo FL Commercial Property: $63,419

Investor Questions For Key Largo FL

Common questions from investors exploring commercial real estate in Key Largo FL.

What's the overall investment potential of Key Largo, FL? +

Key Largo's median household income of $63,419, combined with a relatively low poverty rate of 10.2% and high health insurance coverage of 92.1%, suggests a stable market with a strong workforce. The top industries, including Accommodation & Food Services and Retail Trade, also indicate a diverse economy. Additionally, the average commute time of 26.4 minutes and high rate of homeownership (80.3%) contribute to the area's attractiveness for investors.

How does the local economy impact real estate investment in Key Largo? +

The local economy in Key Largo, driven by top industries such as Accommodation & Food Services and Finance & Insurance, supports a median property value of $420,400. With a foreign-born rate of 14.3% and a diverse population, including White (83.1%) and Hispanic (17.4%) communities, the area's cultural diversity can contribute to a robust rental market. Furthermore, the low unemployment rate of 2.5% and high employment rate (6,144 employed individuals) ensure a stable tenant base.

What are the key factors to consider when evaluating rental yields in Key Largo? +

When assessing rental yields in Key Largo, consider the median property value of $420,400, median property taxes of $3,564, and the relatively high homeownership rate of 80.3%. The area's average commute time of 26.4 minutes, primarily driven by individuals who drive alone (74.1%) or work from home (8.5%), also impacts rental demand. Moreover, the poverty rate of 10.2% and health insurance coverage of 92.1% provide insight into the financial stability of potential tenants.

How does the demographic makeup of Key Largo influence its real estate market? +

Key Largo's demographic makeup, characterized by a median age of 51.4, a high percentage of White (83.1%) and White Non-Hispanic (63.2%) residents, and a notable Hispanic (17.4%) population, contributes to its unique market dynamics. The foreign-born rate of 14.3% and a GINI coefficient of 0.513 also suggest a relatively diverse and unequal population. These factors, combined with the area's top industries and high health insurance coverage rate, can impact the demand for different types of properties and the overall resilience of the real estate market.

What role do quality-of-life metrics play in assessing Key Largo's investment potential? +

Quality-of-life metrics, such as the average commute time of 26.4 minutes, health insurance coverage rate of 92.1%, and a high school graduation rate of 94.2%, are essential in evaluating Key Largo's investment potential. These factors, along with the area's median household income of $63,419 and poverty rate of 10.2%, provide a comprehensive understanding of the local population's well-being and financial stability. As a result, investors can better assess the area's attractiveness and potential for long-term growth and returns.

Key Largo FL Real Estate & City Facts

Key facts and real estate information about Key Largo FL.

What are some of the best neighborhoods to live in Key Largo? +

Some of the best neighborhoods to live in Key Largo include Port Largo, Ocean Shores, and Buttonwood Bay. These neighborhoods offer a range of amenities, including deep-water canals, ocean views, and family-friendly atmospheres. For example, Port Largo is known for its peaceful and friendly environment, while Buttonwood Bay is a gated community with properties ranging from $1.2 million.

What are some fun things to do in Key Largo? +

Key Largo offers a variety of activities for visitors, including exploring the underwater world at John Pennekamp Coral Reef State Park, taking an African Queen Canal Cruise, and visiting Dolphins Plus. You can also snorkel at Christ of the deep, enjoy fresh food at Key Largo Fisheries, or go parasailing or jet skiing. Additionally, there are many nearby restaurants, such as Buzzard's Roost and Chef Michael's, that offer a range of cuisines.

What is the food scene like in Key Largo? +

The food scene in Key Largo is diverse and exciting, with a range of restaurants serving fresh seafood, American cuisine, and international dishes. Some popular restaurants include Jimmy Johnson's Big Chill, Key Largo Fisheries, and Snook's Bayside Restaurant & Grand Tiki. You can also find waterfront restaurants like Pilot House Restaurant & marina and Sol by The Sea at Playa Largo Resort & Spa. There are also plenty of great food trucks and casual eateries, such as Hobo's Cafe and Hog Heaven Sports Bar & Grill, that offer a more laid-back dining experience.

What are the pros and cons of living in Key Largo? +

The pros of living in Key Largo include its beautiful ocean views, family-friendly atmosphere, and range of outdoor activities, such as snorkeling, fishing, and boating. However, some cons include the high cost of living, particularly when it comes to housing, and the potential for hurricane damage. Additionally, the island can feel crowded and touristy during peak season, and some residents may find the pace of life too slow. Nevertheless, many people find the benefits of living in Key Largo, including its strong sense of community and stunning natural beauty, to be well worth the drawbacks.

Is Key Largo a good place to live? +

Key Largo can be a great place to live for those who value a relaxed, beachy lifestyle and are willing to pay a premium for it. The island offers a range of amenities, including good schools, low crime rates, and plenty of outdoor activities, making it an attractive option for families and retirees. However, it may not be the best fit for everyone, particularly those on a tight budget or looking for a more fast-paced urban environment. Ultimately, whether Key Largo is a good place to live depends on your individual priorities and preferences.

Key Largo, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Key Largo FL Properties: 0.5900%

📊 Average Income For Key Largo FL Commercial Property: $63,419

Investor Questions For Key Largo FL

Key Largo FL Real Estate & City Facts

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