76800 Overseas Hwy Islamorada, FL 33036-3937
This exceptional 3.2-acre commercial property in Islamorada, Florida, presents a unique investment opportunity. Located at 76800 Overseas Highway, 33036, in Lower Matecumbe, Monroe County, this property boasts a strategic highway frontage, ideal for a variety of commercial ventures. The land encompasses a total area of 3.2 acres and includes an existing building with a 1,566 square foot footprint. The building currently features a residential unit upstairs, comprising one bedroom and one bathroom. This existing structure offers potential for immediate use or adaptive reuse within a larger development plan. The property's location in the vibrant Islamorada community provides excellent access to local amenities and a strong tourism base. With its substantial size and prime location, this property is well-suited for a diverse range of commercial developments, offering significant potential for future growth and return on investment. The asking price for this exceptional property is $2,700,000. The property's coordinates are 24.8762491 latitude and -80.7000214 longitude. This is a rare opportunity to acquire a significant commercial property in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.