$4,400,000
$4,750,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
81984 Overseas HWY Islamorada, FL 33036
2 Baths
9,990 SqFt
Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,990 sqft
Price per Sqft $440
MLS Listing ID R11142211
Sold Date 01/30/26
Construction Status New Construction
HOA Y/N No
Year Built 2018
Annual Tax Amount $28,416
Tax Year 2024
Contingent Inspection
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Retail
Property Description
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
Location
State FL
County Monroe
Area 5940 - Other Florida County
Zoning Village Center
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring Concrete
Fireplace No
Exterior
Water Access Desc Public
Roof Type Built-Up
Building
Lot Description Central Business District
Building Description Block,Concrete, Office,Showroom,Storage
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Concrete
New Construction Yes
Construction Status New Construction
Others
Tax ID 00399710000000
Security Features Closed Circuit Camera(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Christy Lee C Hughes Coldwell Banker Schmitt Real E
NEARBY SCHOOLS & BUSINESSES