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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
    Islamorada Legacy Ice Cream Business
    Updated: Jul 25, 2025
    Islamorada Legacy Ice Cream Business

    86701 Overseas Hwy, Upper Matecumbe Key, Islamorada, FL 33036

    $375,000
    931 sqft 1.69 AC lot
    Turnkey legacy ice cream business with 62 years of operation.
    Prime location in a highly visible shopping center in Islamorada, across from Founders Park.
    Established brand equity and built‑in cash flow.
    All recipes, FF&E (furniture, fixtures, and equipment), and business name included in the sale.
    In‑house production of ice cream, gelato, sorbet, and waffle cones.
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    This listing looks promising.

    Here's a quick look at some key insights for

    86701 Overseas Hwy, Upper Matecumbe Key Islamorada, FL 33036

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $14K
      Annual

    • Mortgage

      $1.05M
      May 2016

    • Last Sold

      May 2016
      $1.41M

    • Property Type

      Community: Shopping Center, Mini-Mall
      Built 1991
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    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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    Bayfront Restaurant and Bar
    Bayfront Restaurant and Bar

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

    $18,000,000

    Iconic restaurant and cabana bar with full-service bar, outdoor dining, and bayfront access along Highway Commercial zoning.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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 Bar and Restaurant
    Waterfront Bar and Restaurant

    58000 Card Sound Road, Key Largo, FL 33037

    $4,900,000
    7,026 sqft 0.96 AC lot

    For sale waterfront bar and restaurant offering 360+ linear feet of boat docks and onsite living space.

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    Waterfront Bar and Restaurant
    Waterfront Bar and Restaurant

    58000 Card Sound Road, Key Largo, FL 33037

    $4,900,000
    7,026 sqft 0.96 AC lot

    For sale waterfront bar and restaurant property with finished building space, canopy area, and boat dock access.

    View details
    Fully Equipped Argentine Restaurant
    Fully Equipped Argentine Restaurant

    2752-2756 SW 137th Avenue, Miami, FL 33175

    $850,000

    Turnkey Argentine restaurant sale includes FF&E, inventory, and a substantial wine collection for an easy ownership transition.

    View details
    Turnkey Latin Restaurant
    Turnkey Latin Restaurant

    11735 SW 147th Ave #38 #38, Miami, FL 33196

    $298,500

    Turnkey Latin restaurant sale in a high-traffic setting, offered fully equipped for immediate operation.

    View details

    Islamorada, FL Conventional Restaurants Market Trends and Statistics

    Explore 3 conventional restaurants for sale in Islamorada, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,873 square feet of properties for sale, with an estimated market value of $2,575,000.

    Sale prices for conventional restaurants in Islamorada, FL start at $375,000, averaging $1,287,500, and reaching up to $2,200,000 — 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

    Bars & Pubs 3
    Conventional restaurants 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 $6.9M

    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

    Residential Income

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