76800 Overseas Hwy Hwy Islamorada, FL 33036
This exceptional 3.2-acre property in Islamorada, Florida, presents a unique investment opportunity. Currently zoned as native residential, this land holds significant potential for commercial development. The property's previous commercial designation was inadvertently altered by the Village of Islamorada without owner notification. Legal counsel is actively working to restore the property's commercial zoning. The land comprises approximately 3.2 acres, with one acre consisting of mature hardwood trees, rendering it unsuitable for construction. The remaining two acres have been prepared, previously serving as tennis courts and supporting a clubhouse structure. The clubhouse, while needing potential renovation or demolition, provides a pre-existing structure on-site. This property's prime location in Islamorada offers high visibility and accessibility, making it an attractive prospect for a variety of commercial ventures once the zoning issue is resolved. The asking price reflects the current zoning status and the ongoing legal efforts to secure commercial designation. Investors seeking a potentially lucrative project with a clear path to commercial redevelopment should consider this exceptional opportunity. The property's history and current state provide a solid foundation for a future commercial development, once the zoning is corrected. Serious inquiries are encouraged.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.