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    80939 Overseas Hwy Islamorada, FL 33036

    For Sale
    $4,500,000

    Prime Islamorada location, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property presents a rare development opportunity in the heart of Islamorada, Florida. Situated on a sizable 0.75-acre lot at 80939 Overseas Highway, this property boasts a unique blend of existing structures and significant redevelopment potential. Currently, the site includes six transient units, providing immediate income generation, along with one market-rate unit and an established restaurant. The restaurant possesses a license for over 200 seats, encompassing both indoor and outdoor dining areas, and ample parking is available. This versatile property offers a multitude of development pathways. Imagine transforming it into a boutique hotel with an on-site restaurant, catering to the growing tourism market. Alternatively, the existing infrastructure could be leveraged to expand the restaurant operations, potentially adding additional units for employee housing. The property's prime location in downtown Islamorada ensures high visibility and accessibility, making it an attractive investment for both seasoned developers and entrepreneurs seeking a unique venture. Given the scarcity of such opportunities in this desirable location, this property is expected to generate significant interest. The asking price is $4,500,000. Don't miss this chance to acquire a piece of Islamorada's vibrant commercial landscape.

    Property Features for 80939 Overseas Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Realty agency Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.64591
    Latitude
    24.90848

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Islamorada location, high potential.
    Where is this commercial real estate located?
    The property is located at 80939 Overseas Hwy Islamorada, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (305) 294-4200
    Request Owner's contact information
    80939 Overseas Hwy Islamorada, FL 33036
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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
    80939 Overseas Hwy Islamorada, FL 33036
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