For Sale
$7,500,000

81908 Overseas HwyIslamorada, FL 33036

Prime Islamorada location, multiple uses.

Overview

Added:
Dec 11, 2024
Days on market:
114
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).

Highlights

  • Bayfront boat basin with dockage for up to 7 vessels, plus potential 100 ft. dock expansion.
  • Three transferable development rights (TDRs).
  • 100 ft. of Overseas Highway frontage.
  • 5COP liquor license (no food sales required, package sales permitted).
  • Village Center zoning allowing diverse uses including residential, retail, hospitality, and marina development.

Property Details for 81908 Overseas Hwy

Property type
Retail properties, Bars
Square Feet
3,995 SF
Class
C
Year Built
1963
Buildings
1
Stories
1
Units
1

Location Insight

City
Islamorada
County
Monroe
State
Florida
Latitude
24.919674720997
Longitude
-80.633424823426
81908 Overseas Hwy, Islamorada, Florida

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81908 Overseas Hwy
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