81908 Overseas Hwy Islamorada, FL 33036-3605

This exceptional 30,415 sq ft Islamorada property presents a unique redevelopment opportunity. Located on Overseas Highway with 100 ft of frontage, it boasts a 3,995 sq ft vacant building, previously a restaurant and bar, holding a coveted 5COP liquor license (no food sales required, package store permitted). The Village Center zoning allows for diverse uses including residential (single-family estate, multi-family compound, up to 8 units with additional TDRs), retail (package store, general store), hospitality (restaurants), and marina development. The property includes a bayfront boat basin with dockage for up to 7 vessels, plus potential for a 100 ft dock expansion, and deeded bay bottom. Three transferable development rights (TDRs) are also included. Two parcels are sold together. The property was built in 1963 and sits on a single-story building. Asking price is $7,500,000 ($1,877.35/sq ft).