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

    82705 Overseas Hwy Islamorada, FL 33036

    Sponsored
    For Sale
    $6,500,000

    High-Yield, Multi-Building Commercial Complex

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional Islamorada commercial property presents a lucrative investment opportunity with a 7.7% cap rate at the asking price of $6,500,000. Strategically located in the heart of Islamorada, this property boasts 264 feet of frontage on Overseas Highway and an additional 277 feet on the Old Highway, ensuring high visibility and accessibility. The complex comprises three distinct buildings totaling 9,124 square feet of gross building area. Building 1 is a thriving retail hardware store. Building 2 combines a boat sales and service office with two income-generating, one-bedroom, one-bathroom apartments on the second floor. Building 3 provides valuable storage shed and workshop space. All buildings are currently 100% occupied under long-term, true NNN leases, minimizing landlord responsibilities and maximizing return on investment. Significant renovations and additions were completed in 2021 and 2023, ensuring the property is in excellent condition. Ample parking is available, complemented by extensive open-air boat storage, catering to the local maritime community. This turnkey operation offers a rare chance to acquire a high-performing commercial asset in a prime Islamorada location. The combination of strong tenant occupancy, favorable lease terms, and recent improvements makes this a compelling investment prospect.

    Property Features for 82705 Overseas Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1960
    Property Profile 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
    -80.62491
    Latitude
    24.92684

    Nearby Similar for Sale

    • New
      $2,200,000

      Islamorada Restaurant with Liquor License

      Turnkey restaurant opportunity with high visibility and flexible zoning.
      81901 Overseas Hwy Upper Matecumbe Ky, 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
    • New
      $990,000
      1,766 SF

      Two Cottages in Islamorada

      Two cottages on one property in the heart of Islamorada.
      219 Preston St Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $2,950,000

      Islamorada Retail Space For Sale

      Prime commercial property with retail space and future expansion 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
    • New
      $2,200,000

      Islamorada Commercial Property For Sale

      Commercial property with open storage area in Islamorada, Florida.
      82935 Overseas Hwy Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • Contact for pricing

      Islamorada Office Space Available

      Commercial office spaces for immediate occupancy in Upper Matecumbe Key.
      81990 Overseas Hwy Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • $2,000,000

      Islamorada Cleared Oversized Lot

      Prime location with highway frontage and development potential.
      81213 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
    • $4,500,000

      Islamorada Commercial Development Opportunity

      Prime Islamorada location, high potential.
      80939 Overseas Hwy, Islamorada, FL 33036
      View Details
    • $1,875,000

      Islamorada Commercial Property Investment

      Multi-use building with high rental potential.
      89170 Overseas Hwy, Islamorada, FL 33070
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-Yield, Multi-Building Commercial Complex
    Where is this commercial real estate located?
    The property is located at 82705 Overseas Hwy Islamorada, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    (305) 451-0060
    Request Owner's contact information
    82705 Overseas Hwy 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.
    82705 Overseas Hwy
    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
    82705 Overseas Hwy 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.