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81900 Overseas Highway
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PRICED AT ONLY: $2,950,000

Address: 81900 Overseas Highway, ISLAMORADA, FL 33036

Description

Prime Downtown Islamorada commercial property featuring 5,232 SF of retail space across four bays on a 15,000 SF large corner lot with excellent US 1 frontage. More than 50 years of continuous retail use makes this a well known and highly visible location with both strong drive by exposure and pedestrian access. Village Center zoning allows for future expansion or mixed use possibilities, including second story development or workforce housing (subject to approvals). Two long term tenants are currently in place and would like to remain, offering stable income for the next owner. The third and fourth bays are currently vacant and available for immediate use or lease an ideal opportunity to secure new tenants or owner occupancy before the holiday season.Approximate sizes for rental bays: #1 1326 SF, #2 1230 SF, #3 899 SF, #4 1136 SFThis is a rare opportunity to acquire a stable income producing asset with long term upside in one of the most supply constrained markets in the Florida Keys.

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Virtual Tour
More Like This
  • MLS#: 617101 ( Office Buildings,Other Services,Retail )
  • Street Address: 81900 Overseas Highway
  • Viewed: 2
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1975
  • Bldg sqft: 0
  • Total Baths: 3
  • Full Baths: 3

Description

Prime Downtown Islamorada commercial property featuring 5,232 SF of retail space across four bays on a 15,000 SF large corner lot with excellent US 1 frontage. More than 50 years of continuous retail use makes this a well known and highly visible location with both strong drive by exposure and pedestrian access. Village Center zoning allows for future expansion or mixed use possibilities, including second story development or workforce housing (subject to approvals). Two long term tenants are currently in place and would like to remain, offering stable income for the next owner. The third and fourth bays are currently vacant and available for immediate use or lease an ideal opportunity to secure new tenants or owner occupancy before the holiday season.Approximate sizes for rental bays: #1 1326 SF, #2 1230 SF, #3 899 SF, #4 1136 SFThis is a rare opportunity to acquire a stable income producing asset with long term upside in one of the most supply constrained markets in the Florida Keys.
Request More Information
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Features
Building and Construction
  • Construction: CBS
  • Floor: Concrete
  • Net Leasable Area: 5232.00
  • Num Stories: 1.0
  • Sqft Source: Tax Records
  • Total Number Of Units: 3.00
Property Information
  • Property Group Id: 19990816212135227274000000
Garage and Parking
  • Vehicle Storage: Common Parking
Eco-Communities
  • Off Shore Island: No
  • Water View: No Waterview
Utilities
  • Cooling: Central Air
  • Utilities: FKAA, Separate Meters
  • Windowsdoors: Impact Rstnce Window
Finance and Tax Information
  • Fee Includes: Water, Common Area Mnt, Building Insurance
  • Tax Year: 2024
Other Features
  • Alternate Key Num: 1491659
  • Appliances: No Appliances
  • As Is Rght To Inspct: Yes
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: No
  • Dockage: None
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Legal Description: STRATTONS SUBD PB2-38 UPPER MATECUMBE SE'LY 150' OF LOT 1 SQR 3 G24-94 G36-507 OR552-947 OR983-102 OR1383-2098/99 OR1419
  • Limitd Reprsntation: No
  • Mile Marker: 82.50
  • Miscellaneous: High Traffc Location, Highway Frontage
  • Parcel Num: 00399260-000100
  • Side: Bay/Gulf
  • Species List: Yes
  • Style: Commercial
  • Year Established: 0000-00-00
  • Zoning: VC - Village Center
Nearby Subdivisions
Lower Mat Bch (74.0)   Mat Ocean Bay (75.0)   Mat Sandy Bch (75.0)   Matecumbe Ocean Bay (75.0)   Misc Condo Upper Mat (82.0)   Misc Plantation Key (85.0)   Misc Upper Matacumbe (82.0)   Ocean View (82.5)   Plant Beach (87.5)   Plant By The Sea (87.5)   Strattons (82.5)   Strattons Subd   The Key (80.5)   Treasure Harbor (86.5)  
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