Islamorada, FL 81984 Overseas
$4,750,000
8 more
Presented By: Coldwell Banker Schmitt RE Co
Baths • 2
SQFT • 9,990
Home Details
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
Presented By: Coldwell Banker Schmitt RE Co
Interior Features for 81984 Overseas
Bathrooms
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
FlooringConcrete
Heating Y/NYes
General for 81984 Overseas
Building FeaturesOffice, Showroom, Storage
Business TypeCommercial
CityIslamorada
Construction MaterialsBlock, Concrete
ContingencyInspection
CoolingCentralAir
CountyMonroe
ElectricPhases3
HeatingCentral
Legal DescriptionBK 5 LTS 20 AND 21 STRATTONS SUBD PB 2-38 UPPER MATECUMBE G24-94 G45-384 OR439-448 OR508-932 OR853-1097 OR888-1517 OR10
LevelsOne
Lot Size Square Feet43560
MLS Area5940 - Other Florida County
MLS Area MinorOther
New ConstructionYes
PossessionCloseOfEscrow
PostalCityIslamorada
Property ConditionNewConstruction
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
RoofBuiltUp
Security FeaturesClosedCircuitCameras, FireAlarm, FireSprinklerSystem, SmokeDetectors
SewerPublicSewer
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count1
Tax Annual Amount28416.37
Tax Year2024
Tenant PaysElectricity, Taxes, Water
Virtual TourClick here
Virtual TourClick here
Year Built2018
Exterior for 81984 Overseas
Building Area Total9990
Lot FeaturesCentralBusinessDistrict
Lot Size Acres1
Lot Size Area43560
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Ronaldo Hauser
Realtor®
