Waterfront Commercial
For Sale
$6,500,000
81908 Overseas Highway, Islamorada, FL 33036
VC - Village Center zoning includes an operating restaurant and bar with bayfront basin access.
Property SizeContact for details
Days on Market726
Property Features for 81908 Overseas Highway
General Information
Standard status
Active
Property subtype
Vacant Land
Zoning
VC - Village Center
Taxes and HOA fees
Annual Taxes
$15,880
Amenities
Basin
Concrete
Listing Agency:
Ocean Sotheby's International Realty
(305) 522-3652
Listed By:
Jocelyn Tiedemann · License #3112429
(305) 522-3652
Source:
Compass
Added: Sep 4, 2024
Changed: Aug 29
Last Checked: Aug 29 at 4:02PM
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 Ocean Sotheby's International Realty
Investment Insights
Based on property information with market context.
This Commercial land property combines two Village Center parcels extending from Overseas Highway to the bay. The site contains a 3,995 square foot restaurant and bar, along with a 5COP liquor license with no food quota. Exterior improvements include a concrete bayfront boat basin with dockage for up to 7 vessels, and the property has adequate depth for a potential additional 100-foot dock.
The 30,415-square-foot site is zoned VC - Village Center. Recognized development rights include three waterfront market-rate dwelling units, while the property may accommodate up to 8 market-rate dwelling units with additional TDRs transferred in. Existing TDRs may be used onsite, transferred elsewhere, or sold to a receiver site. Listed uses supported by the zoning include restaurants, marinas, general stores with package sales, single-family estates, multifamily compounds, luxury townhomes, and vacation rentals. The property is located at 81908 Overseas Highway in Islamorada, Florida.
The 30,415-square-foot site is zoned VC - Village Center. Recognized development rights include three waterfront market-rate dwelling units, while the property may accommodate up to 8 market-rate dwelling units with additional TDRs transferred in. Existing TDRs may be used onsite, transferred elsewhere, or sold to a receiver site. Listed uses supported by the zoning include restaurants, marinas, general stores with package sales, single-family estates, multifamily compounds, luxury townhomes, and vacation rentals. The property is located at 81908 Overseas Highway in Islamorada, Florida.
Key Highlights
- 30,415 sqft site spanning two Village Center parcels from Overseas Highway to the bay
- 3,995 sqft restaurant and bar with a 5COP liquor license and no food quota
- Bayfront boat basin with dockage for up to 7 vessels
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Apparel 16%
Wendy's
Dining
11,012 visits/mo
0.3 miles
Shrimp Shack
Dining
2,772 visits/mo
0.1 miles
West Marine
Apparel
2,656 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - VC - Village Center zoning includes an operating restaurant and bar with bayfront basin access.
Where is this commercial land located?
The property is located at 81908 Overseas Highway Islamorada, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 30,415 sqft site spanning two Village Center parcels from Overseas Highway to the bay; 3,995 sqft restaurant and bar with a 5COP liquor license and no food quota; Bayfront boat basin with dockage for up to 7 vessels
