87847 Overseas Hwy Islamorada, FL 33036-3075
This exceptional Class A commercial building, constructed in 2015 and boasting 2,764 square feet, is situated on a prime Highway Commercial with Mixed Use zoned lot in the heart of Islamorada, Florida. The property features dual ingress/egress from US-1 and "Old Highway," ensuring high visibility and accessibility. The ground floor offers a spacious commercial area perfect for professional services, including a large reception area, receptionist window, kitchen, ADA-compliant bathroom, and a grand conference room with executive offices. Upstairs, a lavish 2-bedroom, 2-bathroom residential apartment provides luxurious owner-user accommodations. High-end finishes throughout include travertine marble floors, 10-foot ceilings, impact glass, plantation shutters, and custom cabinetry. The building also features two 5-ton Carrier HVAC systems, 8-foot solid core doors, and an impressive highway billboard-style sign. The apartment includes plank wood-grain porcelain tile, stainless Whirlpool appliances, a large living/kitchen/dining area, and a master suite with a private patio and opulent bathroom. Eight parking spaces are available. The property is fully furnished and can convey turn-key. This is an unparalleled opportunity for an owner-user seeking a prestigious and functional space in a highly desirable location. The asking price is $1,899,000.
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
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