For Sale
$6,500,000

82705 Overseas Hwy Islamorada, FL 33036

Property Records

High-return, multi-building complex in Islamorada.

Overview

Added:
Dec 11, 2024
Days on Market:
190
This exceptional mixed-use investment opportunity in Islamorada, Florida, presents a unique blend of commercial and residential properties. Located at 82705 Overseas Hwy, 33036, this property boasts a total of 9,124 square feet across three buildings situated on a substantial 44,107 square foot lot. The complex includes a retail space, a boat sales and service office with two residential units above, and a storage shed/workshop. Recent renovations and additions were completed in 2021 and 2023. The property benefits from a prime location with 264 feet of frontage on Overseas Highway and 277 feet on Old Hwy. Currently operating at 100% occupancy with long-term, triple-net (NNN) leases, this investment offers a compelling 7.70% cap rate. The property is zoned Village Center and features extensive open-air boat storage and ample parking. This multi-tenant property comprises three buildings, a two-story structure, and offers a strong cash flow with significant upside potential. The asking price is $6,500,000.

Highlights

  • Exceptional mixed-use investment opportunity in Islamorada, FL.
  • 9,124 SF across three buildings on a 44,107 SF lot at 82705 Overseas Hwy, 33036.
  • Includes retail space, boat sales/service office with two residential units, and storage shed/workshop.
  • Recently renovated (2021 & 2023), 100% occupancy with long-term NNN leases, 7.70% cap rate.
  • Prime location with 264' Overseas Hwy frontage and 277' Old Hwy frontage; Village Center zoning.
  • $6,500,000 asking price.

Property Details for 82705 Overseas Hwy

Property type
Individual retail properties
Square Feet
9,124 SF
Buildings
3
Stories
2
Units
3

Location Insight

  • Map
City
Islamorada
County
Monroe
Latitude
24.9268707
State
Florida
Longitude
-80.6249741

FAQs

What type of property is this?
Individual retail property - High-return, multi-building complex in Islamorada.
Where is this individual retail property 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.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Islamorada, FL.; 9,124 SF across three buildings on a 44,107 SF lot at 82705 Overseas Hwy, 33036.; Includes retail space, boat sales/service office with two residential units, and storage shed/workshop.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Send Message” button next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Request Information
82705 Overseas Hwy
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