Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    81984 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036

    For Sale
    $4,750,000

    Restaurant,Franchise,Professional Service,Grocery/Convenience

    Days on Market:
    17
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 81984 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
    Bathrooms
    2
    APN
    00399710-000000

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Building materials
    Concrete
    Architectural style
    Other

    Coldwell Banker Schmitt Islamorada (305) 664-4470

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

    Listing date Nov 21, 2025

    MLS# 617385 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 Commercial Investment Opportunity

    This commercial property in Upper Matecumbe Key Islamorada, Florida, presents an investment opportunity. The 9,990 square foot building, constructed in 2018, is situated on a 30,000 square foot parcel. The property is currently occupied by a national retailer, West Marine, under a long-term lease. The site benefits from Village Center zoning and frontage on US-1 in downtown Islamorada, offering excellent highway visibility. There are 32 on-site parking spaces available. The property is suitable for restaurant, franchise, professional service, or grocery/convenience store use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.630913
    Latitude
    24.922374

    Nearby Similar for Sale

    • $4,189,000
      2,624 SF

      Resort-Style Island Living Opportunity

      Two dwellings with private beach, boat ramp, and dock.
      75433 Overseas Hwy, Islamorada, FL 33036
      View Details
    • $23,000,000

      Islamorada Restaurant & Bar For Sale

      Iconic Islamorada restaurant and cabana bar with real estate included.
      96 Madeira Rd Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $2,950,000

      Islamorada Retail Space For Sale

      Prime commercial property with retail space and future development potential.
      81900 Overseas Hwy Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $6,995,000

      Islamorada Land with Restaurant/Bar

      Exceptional investment opportunity with restaurant/bar and development potential.
      81910 Overseas Hwy Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $5,500,000

      Islamorada Redevelopment Opportunity

      Prime Islamorada property with redevelopment potential in a desirable location.
      82929 Overseas Hwy Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $99,999

      Turnkey Upholstery Business Opportunity

      Established upholstery business for sale in Islamorada with canal access.
      108 Madeira Rd, Islamorada, FL 33036
      View Details

    FAQs

    What type of property is this?
    Storefront property - 9,990 SF building with long-term tenant in Islamorada.
    Where is this storefront property located?
    The property is located at 81984 Overseas Hwy Upper Matecumbe Ky Islamorada, FL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Long-term lease with national retailer (West Marine) in place, providing stable income.; - Consistent and reliable **6.08% cap rate.**; - Located on US-1 in the heart of downtown Islamorada.
    (305) 664-4470
    Request Owner's contact information
    81984 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    81984 Overseas Hwy Upper Matecumbe Ky
    Islamorada, FL 33036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    81984 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.