Skip To Content

Address Not Published

Upper Matecumbe Key Islamorada, FL 33036
  • $7,500,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 611387
$7,500,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 2
    1/2 BATHS
  • 3,995
    SQFT
  • $1,877
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1963
County:

School Ratings & Info

Description

Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, wedding venue, general store with package sales, and much more.The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***

Monthly Payment Calculator



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/154869107
Print Image

Address Not Published Upper Matecumbe Key Islamorada, FL 33036

  • Price: $7,500,000
  • Status: Active
  • On Site: 59 Days
  • MLS #: 611387
0
Beds
0
Baths
2
½ Baths
0.7
Acres
3,995
SQFT
$1,877
$/SQFT
1963
Built
Neighborhood:
Strattons (82.5)
County:
Monroe
Area:
23 - Upper Matecumbe
Property Description
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, wedding venue, general store with package sales, and much more.The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***
Exterior Features

Construction CBS Dockage Basin Dockage Seawall Concrete Land Size 1/2 - Less Than 1 AC Lot Size 100x 288 Side Bay/Gulf Style Commercial Waterfront Bay FrontOpen Water Waterfront YN Yes Waterview Bay/Gulf View

Interior Features

Appliances Refrigerator Net Leasable Area 3995.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Woody's Commercial Type RestaurantBar Control Depth 4 Fee Includes Other Fema List No Flood Zone X0.2 PCT ANNUAL CHA Legal STRATTONS SUBD PB 2-38 UPPER MATECUMBE PT LOT 3 SQR 3 G24-94 G36-377 OR386-552-553 OR686-293/TR OR691-33 OR783-1248 OR7 Listing Board Florida Keys Mile Marker 82.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2023 Taxes 15880.00 Total Units 0.00 Utilities FKAABuyer to VerifyMunicipal Sewer Zoning VC - Village Center

Listing courtesy of Jocelyn Tiedemann of Island Equity Real Estate: (305) 852-0400.


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.
 
https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_611387-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_611387-2.jpg https://bt-photos.global.ssl.fastly.net/flkeys/1280_boomver_1_611387-2.jpg
Logo
Expert Realty
517 Duval Street #205
Key West FL, 33040