Waterfront Commercial Asset with Redevelopment
74560 Overseas Highway, Islamorada, FL 33036
COMMERCIAL - Lower Matecumbe, FL
Property size:
6,071 SFLot size:
0.35 AcresPrice / SF:
$559/SF- Added:
- Feb 16, 2026
- Days on Market:
- 95
- Last Refresh:
- May 22 at 1:06 pm
Property Features for 74560 Overseas Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CF - Commercial Fishing
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
- Appliances
- Refrigerator, Washer, Dryer, Dishwasher
- Standard status
- Active
- APN
- 00394480-000105
- Size
- 6,071 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MATECUMBE SANDY BEACH PB3-127 LOWER MATECUMBE KEY PT TRACT 5 (AKA PARCEL #5)
- Tax Annual Amount
- 20435
Utilities
- Water front features
- Ocean Front
- Water front
- 1
Building Details
- Year built
- 1983
- Floors in Building
- 3
- Building materials
- CBS
Listing agent Alina Davis License #3216995 (305) 393-0541
Listing office Coldwell Banker Schmitt Islamorada 85990 Overseas Highway, ISLAMORADA, FL (305) 664-4470
Listing date Feb 16, 2026
MLS# 618699
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Waterfront commercial property with 100 feet of seawall and potential for up to 8 boat slips, offering direct Florida Bay and Atlantic Ocean access.
- Zoning allows for a mix of uses including four affordable housing units, one market‑rate residence, and 5,640 SF of commercial space.
- Premier highway exposure on Overseas Highway with high visibility and generous on‑site parking.
- Commercial Fishing zoning supports various marine‑oriented businesses.
- Features a top‑floor penthouse suite with expansive wraparound windows and sweeping Atlantic views.
- Redevelopment potential includes the possibility of a rooftop helipad.
Overview
Located at 74560 Overseas Highway in Lower Matecumbe, FL, this waterfront commercial asset offers multiple revenue paths and significant redevelopment potential. The property is situated on a 15,000 square foot parcel with generous on-site parking and 100 feet of seawall, capable of accommodating up to 8 slips. It provides premier highway exposure and immediate access to Florida Bay and the Atlantic Ocean. The property is zoned CF - Commercial Fishing, which supports four affordable housing units, one market-rate residence, and 5,640 square feet of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use, subject to approvals. The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Islamorada
- County
- Monroe
- State
- Florida
- Longitude
- -80.7287791
- Latitude
- 24.8570037
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Waterfront commercial property with redevelopment and multiple revenue paths.
Where is this storefront property located?
The property is located at 74560 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: Waterfront commercial property with **100 feet of seawall** and potential for up to 8 boat slips, offering direct Florida Bay and Atlantic Ocean access.; Zoning allows for a mix of uses including four affordable housing units, one market‑rate residence, and 5,640 SF of commercial space.; Premier highway exposure on Overseas Highway with high visibility and generous on‑site parking.
