86560 Overseas Hwy Islamorada, FL 33036

Property Details for 86560 Overseas Hwy

Year built

1928

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.03 lot acres

Property size

1,080 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

00092070-000000

APU

92070000000

Description

This exceptional Islamorada commercial property offers a unique blend of upland and waterfront land, presenting significant development opportunities. The 12-acre parcel includes 3 acres of pristine industrial upland and 9 acres of prime bayfront land. The bayfront boasts 150 feet of frontage on US Highway 1, providing excellent visibility and accessibility. Preliminary plans for a 100-foot dock and two 30,000-pound boat lifts are available for negotiation. The property's strategic location is north of the weigh station, enhancing its logistical advantages. Currently, four structures exist on the site, along with a market-rate dwelling unit and two affordable housing units, totaling 1,972 square feet of non-residential floor area as officially recognized by the Village of Islamorada. The current zoning allows for the construction of over 30,000 square feet, based on a calculation of 10,000 square feet per acre across the 3.12-acre upland portion. The seller is flexible and willing to consider subdividing the land to accommodate a buyer's specific requirements. This rare offering represents one of the few remaining properties in Monroe County with such diverse potential uses, including residential development. Attractive seller financing options are available for qualified buyers. This is a truly exceptional opportunity to acquire a significant piece of Islamorada real estate with substantial upside potential.

Location Insight

City

Islamorada

County

Monroe

State

Florida

Longitude

-80.5757

Latitude

24.9586

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments