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Mixed-Use Commercial Property with Three Buildings
For Sale
$4,600,000

105 Palm Avenue Upper Matecumbe Key, Islamorada, FL 33036

COMMERCIAL - Upper Matecumbe Key Islamorada, FL

Property SizeContact for details
Lot Size0.21 Acres
Days on Market193

Property Features for 105 Palm Avenue Upper Matecumbe Key

General Information

Property type Commercial Sale
Property subtype Other
Zoning HC - Highway Commercial
Bedrooms 1
Bathrooms 3
Full bathrooms 1
Half bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Appliances Refrigerator, Range, Washer, Dryer, Dishwasher
Subdivision Grove Park (81.5)
View Water
Directions Located on Old Highway and visible from Overseas Highway at MM 81.5
Standard status Active
APN 00398750-000000
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BK 10 LT 15 & ADJ 16' STRIP OF LAND LYING NW OF LOT 15 GROVE PARK ADDTN PB1-196 UPPER MATECUMBE G5-231.....
Tax Annual Amount 17206
Legal Description BK 10 LT 15 & ADJ 16' STRIP OF LAND LYING NW OF LOT 15 GROVE PARK ADDTN PB1-196 UPPER MATECUMBE G5-231.....

Utilities

Heating system Heat Pump (Heating)
Cooling system Window Unit(s), Central Air, Wall/Window Unit(s)

Building Details

Year built 1951
Floors in Building 1
Flooring type Tile
Building materials CBS, Combo Construction
Listing Agency: Paradise Florida Keys Real Estate, a Luxury Brand · Realty ONE Group
Listed By: Judy Rossignol · License #705686
Added: Feb 10 Changed: Aug 4 Last Checked: Aug 22 at 2:06PM
MLS# 618814

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use commercial property includes three buildings and the land. The interior is designed with a flexible main area that can serve as a reception space, retail floor, open office environment, or showroom, with room to support private offices, treatment rooms, or storage. Large front-facing windows are positioned to bring in natural light and support street-facing presentation. The property was totally renovated in 2019 and includes on-site parking.

Zoned HC - Highway Commercial, the property is located within the Village of Islamorada at 105 Palm Avenue in Upper Matecumbe Key, FL. The offering describes easy ingress and egress and highlights signage opportunities for brand exposure. Public remarks note the property is surrounded by established businesses, restaurants, marinas, and residential neighborhoods, with nearby references including Cheeca Lodge, The Moorings, and World Wide Sportsman. A virtual tour is available; sale does not include “real estate business.”

Key Highlights

  • Totally renovated in 2019
  • Three buildings and land with a flexible mixed‑use commercial layout for offices, medical/wellness, boutique retail, or specialty businesses
  • On‑site parking plus easy ingress and egress for customer and employee access

Property Analytics

Current Use

Office Units

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby

Demographics for 33036, FL

3,541
Population
3,651
Households
1
Avg Household Size
56
Median Age
40%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
611
Density / Sq Mi
$88,214
Median Household Income
$46,735
Median Earnings
$1,846
Median Rent
$995,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Three renovated commercial buildings with on-site parking and large front-facing windows, offering adaptable space for office, medical, or retail use.
Where is this office units located?
The property is located at 105 Palm Avenue Upper Matecumbe Key Islamorada, FL.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Totally renovated in 2019; Three buildings and land with a flexible mixed‑use commercial layout for offices, medical/wellness, boutique retail, or specialty businesses; On‑site parking plus easy ingress and egress for customer and employee access
More about this property
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