Restaurant with Bayfront
For Sale
$18,000,000
96 Madeira Road Upper Matecumbe Key, Islamorada, FL 33036
Commercial Sale, Upper Matecumbe Key Islamorada, FL
Property SizeContact for details
Days on Market610
Property Features for 96 Madeira Road Upper Matecumbe Key
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC - Highway Commercial
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Appliances
Refrigerator, Dishwasher
Subdivision
Strattons (82.5)
Directions
At mile marker 82 bayside.
Standard status
Active
APN
00399370-000000
Taxes and HOA fees
Tax Year
2023
Tax Description
BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
Tax Annual Amount
48211
Legal Description
BLK 3 LTS 5 THRU 9 AND BLK 4 WLY 217 FT LOT 1 AND PT OF LOTS 1, 2, 3 AND 4 LYING NWLY OF BASIN AND PT OF BAY BTM NWLY OF
Utilities
Utilities
Propane
Water front
1
Amenities
dockage
beach
boat ramp
tiki bar
private party area
tournament hosting area
boat slips
Building Details
Year built
2011
Floors in Building
1
Building materials
CBS, Frame, Combo Construction
Listing Agency:
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
(305) 664-4444
Listed By:
The Lindback Team · License #30590270
(305) 907-9717
Added: Feb 8, 2025
Changed: Oct 6
Last Checked: Oct 11 at 7:06PM
MLS# 613627
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 Islamorada restaurant offering includes both the business and its real estate. The site spans more than 5 acres and features a 250-seat outdoor restaurant, a full-service bar, a main kitchen, and a separate tiki bar for special events. A concrete building constructed in 2015/2016 contains a gift shop, bathrooms, laundry, prep kitchen, and storage. Other site features include a beach, boat ramp, dockage, and two boat slips in the adjacent Islamorada Yacht Basin.
The property has over 1,000 feet of bay frontage and 500 feet of frontage on the highway. Its HC - Highway Commercial zoning and four potential on-site building rights are part of the offering. A parking lot, lighting, and drainage work were completed in 2020.
The property has over 1,000 feet of bay frontage and 500 feet of frontage on the highway. Its HC - Highway Commercial zoning and four potential on-site building rights are part of the offering. A parking lot, lighting, and drainage work were completed in 2020.
Key Highlights
- More than 5 acres of real estate; business included
- Over 1,000 feet of bayfront and 500 ft of Highway frontage
- 250‑seat outdoor restaurant with full‑service bar and main kitchen
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Apparel 16%
Wendy's
Dining
11,012 visits/mo
0.2 miles
Shrimp Shack
Dining
2,772 visits/mo
0.2 miles
West Marine
Apparel
2,656 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines the operating business and real estate, with outdoor dining, a full-service bar, and event facilities.
Where is this conventional restaurant located?
The property is located at 96 Madeira Road Upper Matecumbe Key Islamorada, FL.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: More than 5 acres of real estate; business included; Over 1,000 feet of bayfront and 500 ft of Highway frontage; 250‑seat outdoor restaurant with full‑service bar and main kitchen
