If you’re interested in buying commercial properties in Monroe County, Florida, you should know a little about the Federal Coastal Barrier Resources Act. See, some properties in Monroe County may be affected by this law or proposed amendments to it.
You can always learn more about whether a property is affected by the Federal Coastal Barrier Resources Act by contacting the United States Department of the Interior or the Monroe County Planning Department. You can also consult with an experienced commercial real estate broker like those at our firm.
If property is designated as such, it is not eligible for federally-subsidized flood insurance nor some other benefits. One tool that insurance agents, surveyors and property owners use that we frequently refer to is the automated “CBRS Validation Tool” accessible through the Coastal Barrier Resources System (CBRS) Mapper. It lets us find a particular location to produce “CBRS Mapper Documentation” which stated whether that location is within or outside of the CBRS.
Coastal Barrier Resources Act (CBRA) of 1982
The Coastal Barrier Resources Act (CBRA) of 1982 and its amendments designate relatively undeveloped coastal barriers as part of the John H. Chafee Coastal Barrier Resources System (CBRS). It encourages the conservation of biologically rich areas, often prone to hurricanes.
How? It simply restricts federal spending that would encourage development. For example, federally provided flood insurance encourages new development. The areas can often still be developed as long as private developers or other non-federal parties bear the full cost of the development.
Upscale, Comfortable Commercial Real Estate Office
The RE/MAX Keys Connection office is located in the Historic Heritage House in the heart of Old Town, conveniently located immediately nearby major downtown hotels. Our unique, cafe-style real estate office offers our valued clients a welcoming, upscale, professional environment. Enjoy complimentary beverages, free wi-fi, and a private conference room or expansive front porch, depending on the level of privacy you’re most comfortable with.
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Experienced Commercial Real Estate Brokerage Company
RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers. With over two decades of experience and a CCIM (Certified Commercial Investment Member) designation, Curtis has brokered commercial real estate including industrial properties, shopping centers, strip malls, trailer parks, bars, restaurants, hotels and multi-unit apartment buildings. Unlike many brokers, Curtis isn’t intimidated by bank foreclosures either.
RE/MAX Keys Connection offers clients international exposure with local service. Our service area includes Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County, and all of unincorporated Monroe County. Our office is fluent in Spanish, which is highly important when doing business in Southern Florida.