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    81900 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036

    For Sale
    $2,950,000

    Office Buildings,Other Services,Retail - Upper Matecumbe Key Islamorada, FL

    Days on Market:
    37
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 81900 Overseas Hwy Upper Matecumbe Ky

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VC - Village Center
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    00399260-000100
    Appliances
    None

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Architectural style
    Other

    Coldwell Banker Schmitt Islamorada (305) 664-4470

    Listing agent Elizabeth Jolin (305) 664-4470 License #3502927

    Listing date Oct 30, 2025

    MLS# 617101 Listing URL

    Copyright © 2025 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.

    Overview

    Islamorada Retail Space For Sale

    This prime commercial property in downtown Islamorada features 5,232 square feet of retail space divided into four bays, situated on a 15,000 square foot corner lot. The property benefits from excellent frontage on US-1. With over 50 years of continuous retail use, this location is well-known and highly visible, offering both strong drive-by exposure and pedestrian access. The Village Center zoning allows for future expansion or mixed-use possibilities, including second-story development or workforce housing, subject to necessary approvals. Currently, two long-term tenants are in place and interested in remaining, providing stable income. The third and fourth bays are vacant and available for immediate use or lease. Approximate sizes for rental bays are: #1 1326 SF, #2 1230 SF, #3 899 SF, #4 1136 SF. This property offers a stable income-producing asset with long-term upside in a supply-constrained market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.634188
    Latitude
    24.919527

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    FAQs

    What type of property is this?
    Retail space - Prime commercial property with retail space and future development potential.
    Where is this retail space located?
    The property is located at 81900 Overseas Hwy Upper Matecumbe Ky Islamorada, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Prime Downtown Islamorada commercial property with 5,232 SF of retail space on a 15,000 SF corner lot with excellent US-1 frontage.; - Village Center zoning allows for future expansion or mixed-use development.; - Two long-term tenants in place provide stable income.
    (305) 664-4470
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81900 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
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