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Property profile & analytics
OFF-MARKET
Commercial real estate

76800 Overseas Hwy Hwy Islamorada, FL 33036

Built 1994
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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