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    89170 Overseas Hwy Islamorada, FL 33070

    Sponsored
    For Sale
    $1,875,000

    Multi-use building with high rental potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional Islamorada commercial property presents a unique investment opportunity. Located at 89170 Overseas Highway on Plantation Key, this multi-use building boasts 50 feet of prime frontage on US 1, offering unparalleled visibility and accessibility. The property's zoning allows for diverse uses, maximizing its income potential. The building itself is concrete constructed and has undergone tasteful updates and consistent maintenance. The layout includes four apartments, dedicated commercial space, and ample enclosed and exterior storage areas. The dual access points, from US 1 and Iroquois, provide convenient entry to both the building and the storage facilities. This versatile property allows for an owner-occupant model, combining living and business operations in one highly desirable location. Alternatively, the entire property can be leased out for substantial rental income. Projected rental income figures are available upon request. This is a rare chance to acquire a well-maintained, income-producing asset in a prime Islamorada location. The property's combination of residential and commercial space, along with its strategic location and dual access, makes it an exceptional investment opportunity. Don't miss this chance to own a piece of Islamorada's thriving commercial landscape.

    Property Features for 89170 Overseas Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.54593
    Latitude
    24.98447

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building with high rental potential.
    Where is this commercial real estate located?
    The property is located at 89170 Overseas Hwy Islamorada, FL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    (305) 712-8888
    Request Owner's contact information
    89170 Overseas Hwy Islamorada, FL 33070
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    Islamorada, FL 33070
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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

    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
    89170 Overseas Hwy Islamorada, FL 33070
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