Waterfront Mixed-Use Marina
For Sale
$3,349,000
74560 Overseas Highway, Islamorada, FL 33036
Waterfront asset with a seawall for up to eight slips and zoning for income-generating residential units plus commercial space.
Property Size6,071 SF
Lot Size0.34 Acres
Price / SF$551.64
Days on Market167
Property Features for 74560 Overseas Highway
General Information
Standard status
Active
Size
6,071 SF
Lot size
0.34 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
5
Amenities
3
Building Details
Year Built
1983
Listing Agency:
Coldwell Banker Schmitt RE Co
(305) 743-5181
Listed By:
Alina Davis · License #3216995
Source:
Xome
Added: Feb 14
Changed: Jul 26
Last Checked: Jul 31 at 2:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmitt RE Co
Investment Insights
Based on property information with market context.
A waterfront mixed-use property on a 15,000 SF parcel featuring a 100-foot seawall designed to accommodate up to eight slips, along with on-site parking. The property also includes zoning support for four affordable housing units, one market-rate residence, and 5,640 SF of commercial space.
The site is described as providing immediate access to Florida Bay and the Atlantic Ocean, with “highway exposure” noted in the public remarks.
The provided commercial fishing zoning description identifies potential uses such as a restaurant, seafood market, marine outfitter, charter or fishing headquarters, or other enterprises aligned with the working waterfront.
The site is described as providing immediate access to Florida Bay and the Atlantic Ocean, with “highway exposure” noted in the public remarks.
The provided commercial fishing zoning description identifies potential uses such as a restaurant, seafood market, marine outfitter, charter or fishing headquarters, or other enterprises aligned with the working waterfront.
Key Highlights
- Waterfront commercial property at 74560 Overseas Highway on a 15,000 SF parcel with 100 ft of seawall for up to 8 slips
- Zoning supports 4 affordable housing units plus 1 market‑rate residence, along with 5,640 SF of commercial space
- Commercial fishing zoning allows uses such as a restaurant, seafood market, marine outfitter, charter, or fishing headquarters
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.6k | $30.24 |
| − Vacancy | −$12.3k | −$2.03 |
| EGI | $171.3k | $28.21 |
| − OpEx | −$77.1k | −$12.70 |
| NOI | $94.2k | $15.52 |
6,071 SF · lease $30.24/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,208 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,940 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Marina - Waterfront asset with a seawall for up to eight slips and zoning for income-generating residential units plus commercial space.
Where is this marina located?
The property is located at 74560 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $3,349,000.
What are key features of this property?
This property features: Waterfront commercial property at 74560 Overseas Highway on a 15,000 SF parcel with 100 ft of seawall for up to 8 slips; Zoning supports 4 affordable housing units plus 1 market‑rate residence, along with 5,640 SF of commercial space; Commercial fishing zoning allows uses such as a restaurant, seafood market, marine outfitter, charter, or fishing headquarters
