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    Islamorada, FL
    Conventional Restaurant

    Islamorada, FL Conventional Restaurants for Sale

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    Key Largo, FL Tavernier, FL Plantation Key, FL Homestead, FL Long Key, FL
    81901 Overseas Hwy, Islamorada, FL, 33036-3647
    Updated: Feb 17
    81901 Overseas Hwy, Islamorada, FL, 33036-3647

    81901 Overseas Hwy, Islamorada, FL 33036

    $2,200,000
    4,942 sqft 0.38 AC lot
    📍 Property Overview
    Address: 81901 Overseas Hwy, Islamorada, FL 33036, Monroe County
    Property Type: Retail / Hospitality – Restaurant use (single tenant)
    Current Use: Iconic restaurant space (Islamorada Shrimp Shack)
    Zoning: Village Center (VC) – flexible commercial use potential
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    This listing looks promising.

    Here's a quick look at some key insights for

    81901 Overseas Hwy, Islamorada, FL 33036

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $76K
      Annual

    • Price @ 7% Cap

      $1.09M
      Suggested

    • Property Type

      Restaurant
      Built 1947
    View Property Analytics
    Bayfront Restaurant and Bar
    Updated: Feb 8, 2025
    Bayfront Restaurant and Bar

    96 Madeira Road, Upper Matecumbe Key, Islamorada, FL 33036

    $18,000,000
    Islamorada restaurant & cabana bar for sale with over 5 acres and 1,000+ ft of bayfront plus 500 ft of Highway frontage
    Includes full‑service bar with 5 COP liquor license and a 250‑seat outdoor restaurant with private party & tournament hosting area
    New parking lot, lighting, and drainage completed in 2020, with room to expand parking and the business
    Property includes main kitchen plus special event tiki bar, dockage, beach, and boat ramp
    Sale includes 4 on‑site building rights and 2 boat slips in the Islamorada Yacht Basin adjacent to the property
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    81901 Overseas Hwy, Islamorada, FL, 33036-3647
    81901 Overseas Hwy, Islamorada, FL, 33036-3647

    81901 Overseas Hwy, Islamorada, FL 33036

    $2,200,000
    4,942 sqft 0.38 AC lot

    Iconic restaurant property with high visibility and flexible commercial zoning.

    View details
    Waterfront Commercial Land
    Waterfront Commercial Land

    81908 Overseas Highway, Islamorada, FL 33036

    $6,500,000

    VC - Village Center zoning includes an operating restaurant and bar with bayfront basin access.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Islamorada, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Marina and Restaurant Building
    Waterfront Marina and Restaurant Building

    90311 Old Highway, Plantation Key, FL 33070

    $6,800,000
    10,714 sqft 1.54 AC lot

    Waterfront marina with over 713 feet of dockage and approximately 22 deep-water slips, plus a 9,600-square-foot restaurant building.

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    Fully Renovated Mixed-Use Property
    Fully Renovated Mixed-Use Property

    91865 Overseas Highway, Key Largo, FL 33070

    $6,495,000

    Renovated mixed-use income property with 10 residential units and 5 established commercial tenants.

    View details
    Waterfront Marina With Restaurant
    Waterfront Marina With Restaurant

    90311 Old Highway, Plantation Key, FL 33070

    $6,800,000

    Village Center zoning supports ocean-access dockage, restaurant operations, parking, and a separate waterfront residence.

    View details
    Turnkey Restaurant with Liquor License
    Turnkey Restaurant with Liquor License

    97630 Overseas Highway, Key Largo, FL 33037

    Contact for pricing

    Renovated in 2013 with frontage on both sides of the median and a transferable full liquor license (SRX).

    View details

    Islamorada, FL Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in Islamorada, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,884 square feet of properties for sale, with an estimated market value of $28,900,000.

    Sale prices for conventional restaurants in Islamorada, FL start at $2,200,000, averaging $7,225,000, and reaching up to $18,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 3

    Demographics Overview

    Population 3,632
    Population Growth (5Y) +10.9%
    Median Household Income $88,214
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Islamorada submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33036 $6M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $9.44 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Retail

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    Featured Islamorada Real Estate Agencies

    Realmo connects you with licensed Islamorada CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway HomeServices Freewheeler Realty
    85992 Overseas Hwy, P.O. Box 1634 Islamorada, FL 33036
    Phone: 13056644444
    www.bhhsfreewheeler.com

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