For Sale
$6,500,000

82705 Overseas HwyIslamorada, FL 33036

High-return, multi-building complex in Islamorada.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity in Islamorada, Florida, presents a unique blend of commercial and residential properties. Located at 82705 Overseas Hwy, 33036, this property boasts a total of 9,124 square feet across three buildings situated on a substantial 44,107 square foot lot. The complex includes a retail space, a boat sales and service office with two residential units above, and a storage shed/workshop. Recent renovations and additions were completed in 2021 and 2023. The property benefits from a prime location with 264 feet of frontage on Overseas Highway and 277 feet on Old Hwy. Currently operating at 100% occupancy with long-term, triple-net (NNN) leases, this investment offers a compelling 7.70% cap rate. The property is zoned Village Center and features extensive open-air boat storage and ample parking. This multi-tenant property comprises three buildings, a two-story structure, and offers a strong cash flow with significant upside potential. The asking price is $6,500,000.

Highlights

  • Exceptional mixed-use investment opportunity in Islamorada, FL.
  • 9,124 SF across three buildings on a 44,107 SF lot at 82705 Overseas Hwy, 33036.
  • Includes retail space, boat sales/service office with two residential units, and storage shed/workshop.
  • Recently renovated (2021 & 2023), 100% occupancy with long-term NNN leases, 7.70% cap rate.
  • Prime location with 264' Overseas Hwy frontage and 277' Old Hwy frontage; Village Center zoning.
  • $6,500,000 asking price.

Property Details for 82705 Overseas Hwy

Property type
Retail properties, Office properties
Square Feet
9,124 SF
Buildings
3
Stories
2
Units
3

Location Insight

City
Islamorada
County
Monroe
State
Florida
Latitude
24.9268707
Longitude
-80.6249741
82705 Overseas Hwy, Islamorada, Florida

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82705 Overseas Hwy
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