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Property profile & analytics
OFF-MARKET
Warehouses

76800 Overseas Hwy Hwy Islamorada, FL 33036

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Warehouses
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
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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