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Property profile & analytics
FOR SALE
Turn key restaurants

81901 Overseas Hwy Islamorada, FL 33036

4,942 SF 0.38 ac lot Built 1947
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US18-8710891
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Total area 4,942 SF
Lot 0.38 ac (16,534 SF)
APN 00400070-000000
UPID US18-8710891
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Stanley R Marvin · 14 yrs held
Stanley R Marvin
since 2011
7 recorded transactions
2011
Price N/A
2008
$1.0M
2007
$1.2M
2007
$100,000
2007
Price N/A
2005
$1.3M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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