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    81901 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036

    For Sale
    $2,699,000

    Restaurant,Other Services - Upper Matecumbe Key Islamorada, FL

    Days on Market:
    108
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 81901 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, Bathroom 4
    Bathrooms
    4
    APN
    00400070-000000
    Appliances
    Range, Refrigerator

    Building Details

    Year built
    1947
    Architectural style
    Other

    RE/MAX All Keys Real Estate (305) 451-0060

    Listing agent Gregory Dully (305) 451-0060 License #3420625

    Listing date Aug 23, 2025

    MLS# 616246 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 Restaurant with Liquor License

    Located in the heart of Islamorada, this commercial property presents a prime opportunity with exceptional visibility on the Overseas Highway. Situated on the corner of Overseas Highway and Blackwood Drive, the site benefits from high traffic exposure, curb appeal, and accessibility for locals and tourists. The property is near resorts, shopping, and the Morada Way Art District. The building has a total area of 4,942 square feet and is positioned on a 16,746 square feet lot. Ample parking is available for customers and employees in the front, side, and rear of the property. The restaurant has 160 seats and a 5COP liquor license. Zoned Village Center (VC), the site offers flexibility for various commercial uses and is located in an X flood zone. The property is currently home to the Islamorada Shrimp Shack, a restaurant featured on Food Network's ''Diners, Drive-Ins, and Dives''. This property provides a foundation for growth, whether continuing the restaurant tradition or redeveloping into a new commercial concept.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.633652
    Latitude
    24.919005

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant or redevelopment opportunity in the heart of Islamorada.
    Where is this restaurant located?
    The property is located at 81901 Overseas Hwy Upper Matecumbe Ky Islamorada, FL.
    What is the asking price?
    The asking price for this property is $2,699,000.
    What are key features of this property?
    This property features: - Prime location on Overseas Highway with high visibility and traffic exposure.; - Includes a 5COP liquor license and a 160-seat restaurant.; - Zoned Village Center (VC) offering flexibility for various commercial uses.
    (305) 451-0060
    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
    81901 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
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