86490 Overseas HwyIslamorada, FL 33036

Property Details for 86490 Overseas Hwy

Year built

2004

Lot size

1.38 AC

Property size (Sq ft)

1,449 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

00091990-000100

APU

91990000100

Description

This 1,725 square foot industrial warehouse is available for lease. Situated on over an acre of land, the property features three buildings on the site, multiple service bays, ample storage space, and dedicated office area. Ideal for businesses requiring maintenance space for large trucks and equipment, this single-tenant property offers significant versatility. The INDUSTRIAL zoning allows for a wide range of uses. Conveniently located just north of the weigh station before the Snake bridge in Islamorada, this property provides easy access to major transportation routes. The property includes one building suite within a larger complex. The parcel number is 00091990-000100. This is a fantastic opportunity for a business seeking a well-equipped and strategically located warehouse space in a thriving area. The property's size and zoning provide considerable flexibility for various industrial operations. The presence of service bays and office space adds to its functionality and appeal. The location near the weigh station and Snake bridge in Islamorada ensures convenient access for businesses operating in the area. The ample land area offers potential for expansion or additional uses. This is a single-tenant property, providing exclusive use of the warehouse space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,573,060

  6.5%

  $1,452,055

  7%

  $1,348,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,217,001

  Geo Method

  $1,217,001

• Alternative Use

  Use

  Valuation

  Residential

  $1,224,863

  Hospitality

  $1,121,968

  Educational

  $933,464

  Medical

  $965,567

  Retail

  $1,452,055

Location Insight

City

Islamorada

County

Monroe

State

Florida

Latitude

24.9582

Longitude

-80.575

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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