76800 Overseas HwyIslamorada, FL 33036

  • Specialty properties
  • 1,566 SF
For Sale
$2,700,000 View listing

Property Details for 76800 Overseas Hwy

Year built
1994
Lot size
3.20 AC
Property size (Sq ft)
1,566 SF
Property type
Specialty properties
APN
00396950-000200
APU
396950000200

Description

This exceptional 3.2-acre commercial property in Islamorada, Florida, presents a unique investment opportunity. Located at 76800 Overseas Highway, 33036, in Lower Matecumbe, Monroe County, this property boasts a strategic highway frontage, ideal for a variety of commercial ventures. The land encompasses a total area of 3.2 acres and includes an existing building with a 1,566 square foot footprint. The building currently features a residential unit upstairs, comprising one bedroom and one bathroom. This existing structure offers potential for immediate use or adaptive reuse within a larger development plan. The property's location in the vibrant Islamorada community provides excellent access to local amenities and a strong tourism base. With its substantial size and prime location, this property is well-suited for a diverse range of commercial developments, offering significant potential for future growth and return on investment. The asking price for this exceptional property is $2,700,000. The property's coordinates are 24.8762491 latitude and -80.7000214 longitude. This is a rare opportunity to acquire a significant commercial property in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,323,058
    Hospitality
    $1,211,914
    Educational
    $1,008,298
    Medical
    $1,042,975
    Retail
    $1,568,463

Location Insight

City
Islamorada
County
Monroe
State
Florida
Latitude
24.876
Longitude
-80.7004
CBSA code
28580
CBSA name
KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,410
$330,100
$277,075
$607,175
-
$330,100
$277,075
$607,175

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