About 81984 Overseas Highway
Exceptional Islamorada, Florida Keys commercial investment opportunity. Established national retailer, West Marine, occupies the property under a long-term lease with renewal options, delivering a consistent and reliable 6.08% cap rate. The 9,990 SF building, constructed in 2018, is situated on a 30,000 SF parcel with US-1 frontage in the heart of downtown Islamorada. Site features include 32 on-site parking spaces, Village Center zoning, and excellent highway visibility. This is a rare opportunity to acquire a stable, income producing investment property in one of the most constrained commercial markets in the Florida Keys
Features of 81984 Overseas Highway
| MLS® # | R11142211 |
|---|---|
| Price | $4,750,000 |
| Bathrooms | 2.00 |
| Acres | 1.00 |
| Year Built | 2018 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Closed |
Community Information
| Address | 81984 Overseas Highway |
|---|---|
| Area | 5940 - Other Florida County |
| City | Islamorada |
| County | Monroe |
| State | FL |
| Zip Code | 33036 |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Concrete, CBS |
Additional Information
| Zoning | Village Center |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmitt RE Co |
|---|