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
    Back to Search

    76800 Overseas Hwy Hwy Islamorada, FL 33036

    For Sale
    $2,300,000

    3.2-Acre Commercial Land, Islamorada, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.2-acre property in Islamorada, Florida, presents a unique investment opportunity. Located at 76800 Overseas Highway, the land is currently zoned as native residential, however, a land use attorney is actively working to restore its original commercial designation. The property's history includes commercial use and features approximately 2 acres of previously scarified land, which was utilized as tennis courts with an existing clubhouse structure. Note that one acre of the property consists of hardwood and is therefore unsuitable for development. The asking price for this prime Islamorada location is $2,300,000. This represents a significant chance to acquire a substantial parcel of land with strong potential for future commercial development once the zoning issue is resolved. The property's address is 76800 Overseas Highway, Islamorada, FL 33036. The property is situated in Monroe County and offers significant upside potential for investors willing to navigate the current zoning challenge. The existing clubhouse structure and the history of commercial use provide a solid foundation for future development plans. This is a rare opportunity to acquire a large parcel of land in a desirable location.

    Property Features for 76800 Overseas Hwy Hwy

    General Information

    Property type
    Distribution properties

    HighLights

    • 3.2‑acre commercial development site in Islamorada, FL, at 76800 Overseas Highway.
    • Currently zoned native residential, but actively pursuing commercial rezoning.
    • Features approximately 2 acres of previously developed land (former tennis courts with existing clubhouse).
    • Includes one acre of undeveloped hardwood.
    • Asking price: $2,300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -80.7000231
    Latitude
    24.8762293

    Nearby Similar for Sale

    • New
      $2,699,000

      Islamorada Restaurant with Liquor License

      Iconic restaurant property with high visibility and redevelopment potential.
      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

      Islamorada Multifamily Income Property

      Two cottages in Islamorada's vibrant, walkable district. Investment opportunity.
      219 Preston St Upper Matecumbe Ky, Islamorada, FL 33036
      View Details
    • New
      $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

    FAQs

    What type of property is this?
    Distribution property - 3.2-Acre Commercial Land, Islamorada, FL
    Where is this distribution property located?
    The property is located at 76800 Overseas Hwy Hwy Islamorada, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 3.2-acre commercial development site in Islamorada, FL, at 76800 Overseas Highway.; Currently zoned native residential, but actively pursuing commercial rezoning.; Features approximately 2 acres of previously developed land (former tennis courts with existing clubhouse).
    Request Owner's contact information
    76800 Overseas Hwy 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.
    76800 Overseas Hwy 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
    76800 Overseas Hwy 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.