Prime Summerland Key Commercial Waterfront | 12,000 SF Lot with US-1 Frontage & Deep-Water Canal Access

24792 Overseas Highway Summerland Key, FL 33042

24792 Overseas Highway, Summerland Key, FL, 33042
24792 Overseas Highway, Summerland Key, FL, 33042 24792 Overseas Highway, Summerland Key, FL, 33042 24792 Overseas Highway, Summerland Key, FL, 33042 24792 Overseas Highway, Summerland Key, FL, 33042 24792 Overseas Highway, Summerland Key, FL, 33042
FOR SALE
Property Type:
Commercial Land Development
Amount:
$799,000
Last Verified:
Jan 14, 2026

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Description

Prime commercial opportunity located in the heart of Summerland Key. Zoned suburban commercial district, the opportunities are extensive. 2 lots totaling an expansive 12,000 Sq.Ft. boasting over 120 feet of US1 and deep water canal frontage.

Situated in the heart of Summerland Key, this property offers premium visibility along U.S. Highway 1 with over 120 feet of frontage, ensuring excellent exposure to both local and tourist traffic traveling through the Lower Keys. The site also boasts direct deep-water canal access with a 4' control depth, providing unique opportunities for water-oriented commercial uses. Conveniently located at Mile Marker 25, the property sits just 25 minutes from Key West and Marathon, making it a strategic midpoint for business operations. Its Suburban Commercial (SC) zoning allows for a wide range of commercial applications, from retail and office to mixed-use concepts.

Lot Size: 0.28 acres

Map of 24792 Overseas Highway, Summerland Key, FL, 33042

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.