82790 Overseas HwyIslamorada, FL 33036

Property Details for 82790 Overseas Hwy

Year built

1960

Lot size

1.15 AC

Property size (Sq ft)

8,526 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

00402130-000000

APU

402130000000

Description

This exceptional commercial property, located at 82790 Overseas Hwy, Islamorada, FL 33036, presents a unique investment opportunity. The single-story building boasts 8,526 square feet of net leasable retail space situated on a substantial 1.14-acre lot (50,007 sq ft). Constructed in 1960, the property benefits from a highly visible 200-foot frontage on US Highway 1, ensuring excellent exposure to traffic flowing in both north and southbound directions. Large signage opportunities further enhance visibility and brand recognition. The property is zoned VC (Village Center), allowing for a variety of commercial uses, including low and medium-intensity office space, retail establishments, and service businesses. Ample parking is available on-site, catering to both customers and employees. This prime location in the heart of Islamorada offers significant potential for a wide range of commercial ventures. The property is a Net, Net, Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $9,253,230

  6.5%

  $8,541,443

  7%

  $7,931,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,159,014

  Geo Method

  $7,159,014

• Alternative Use

  Use

  Valuation

  Residential

  $7,205,026

  Hospitality

  $6,599,766

  Educational

  $5,490,928

  Medical

  $5,679,769

  Retail

  $8,541,443

Location Insight

City

Islamorada

County

Monroe

State

Florida

Latitude

24.9293

Longitude

-80.6232

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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