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82705 Overseas Highway

Upper Matecumbe Key Islamorada, FL 33036
  • $6,500,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 611398
UPDATED: 214 min ago
$6,500,000
  • 2
    BEDS
  • 1.01
    ACRES
  • 2
    BATHS
  • 3
    1/2 BATHS
  • 9,064
    SQFT
  • $717
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

7.7% Cap Rate at asking price! Prime income producing commercial property in the Heart of Islamorada! 100% tenant occupied with long term, TRUE NNN leases. 264 feet of frontage on Overseas Highway & 277 feet on the Old Hwy. Property offers 3 separate buildings. Building 1- Hardware store - retail use. Building 2- Boat Sales and service office with (2) 1 Bed / 1 Bathroom apartments on second floor. Building 3- Storage shed and workshop Total Gross Building Area: 9,124 Total Renovation and addition made in 2021, 2023. This property features ample parking with extensive open air boat storage.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/154916811
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82705 Overseas Highway Upper Matecumbe Key Islamorada, FL 33036

  • Price: $6,500,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 214 min ago
  • MLS #: 611398
2
Beds
2
Baths
3
½ Baths
1.01
Acres
9,064
SQFT
$717
$/SQFT
1960
Built
Neighborhood:
Ocean View (82.5)
County:
Monroe
Area:
23 - Upper Matecumbe
Property Description
7.7% Cap Rate at asking price! Prime income producing commercial property in the Heart of Islamorada! 100% tenant occupied with long term, TRUE NNN leases. 264 feet of frontage on Overseas Highway & 277 feet on the Old Hwy. Property offers 3 separate buildings. Building 1- Hardware store - retail use. Building 2- Boat Sales and service office with (2) 1 Bed / 1 Bathroom apartments on second floor. Building 3- Storage shed and workshop Total Gross Building Area: 9,124 Total Renovation and addition made in 2021, 2023. This property features ample parking with extensive open air boat storage.
Exterior Features

Construction CBS Dockage None Land Size 1 Less Than 2 Acres Lot Size 264 x 150 x 277 x 167 Miscellaneous Residence on Premise Roof Metal Roof Side Median Style Commercial Vehicle Storage Off Street ParkingTrailer Storage Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances RefrigeratorRange Floor Tile Windows Doors Impact Rstnce WindowImpact Rstnce Doors

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City ISLAMORADA Commercial Type Office BuildingsOther ServicesRetailBoat Sales/Service Control Depth 0 Fee Includes Other Flood Zone AEAE0.2 PCT ANNUAL Legal BK 2 LT 17 OCEAN VIEW PB1-193 AND NELY 20 FT LOT 13 SQR 11 UPPER MATECUMBE AND BK 11 LOTS 14-15 STRATTONS SUBD PB2-38 G Listing Board Florida Keys Mile Marker 82.50 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Tax Year 2023 Taxes 20644.51 Tenant Paid WaterGarbageElectricInsuranceTaxesCableSewer Total Units 0.00 Utilities FKAA Zoning VC - Village Center

Listing courtesy of Gregory Dully of RE/MAX All Keys Real Estate: (305) 451-0060.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Expert Realty
517 Duval Street #205
Key West FL, 33040