81901 Overseas Hwy Islamorada, FL 33036
This exceptional turnkey restaurant opportunity is located at 81901 Overseas Hwy, Islamorada, FL, boasting a highly visible corner lot on US-1. The 4,942 square foot building sits on a 0.38-acre lot (16,746 sq ft) and is zoned Village Center, allowing for diverse uses. This established restaurant comfortably seats 160 patrons and benefits from ample parking, easily accessible from US-1, Blackwood Drive, and Old Highway. Its prime location places it within walking distance of luxury resorts, upscale shops, art galleries, and other popular Islamorada attractions. The sale includes all furniture, fixtures, and equipment (FF&E), a food truck, and a transferable liquor license. A significant advantage is the existing, long-term local staff, ready to continue operations. This presents a unique chance to either maintain the existing successful business or implement a new concept in this highly sought-after Islamorada market. The property is situated in an 'X' flood zone. This is a rare opportunity to acquire a thriving restaurant with significant potential in a prime location. The asking price is $2,995,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.