81984 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036
$4,400,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
9,990
Lot Size (sq. ft.):
30,000
Status:
Closed
Current Price:
$4,400,000
List Date:
11/20/2025
Last Modified:
1/21/2026
Overview
Description
Listing Details MLS# 617385
Location, Tax & Legal
- Street #
- 81984
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Upper Matecumbe Key Islamorada
- State/Province
- FL
- Zip Code
- 33036
- Subdivision
- Strattons (82.5)
- County
- Monroe
- Area
- 23 - Upper Matecumbe
- City
- ISLAMORADA
- Off Shore Island
- No
- Mile Marker
- 82.5
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- AE,AE
- Alternate Key #
- 1492001
- Parcel #
- 00399710-000000
- Zoning
- VC - Village Center
- Legal
- BK 5 LTS 20 AND 21 STRATTONS SUBD PB 2-38 UPPER MATECUMBE G24-94 G45-384 OR439-448 OR508-932 OR853-1097 OR888-1517 OR100
- Taxes
- 28416.37
- Tax Year
- 2024
Contract Information
- Listing Board
- Florida Keys
- Limited Representation
- No
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 30000
- Waterfront
- No
- Business Name
- West Marine Building
- # Parking Spaces
- 32
- Building Ht. Ft.
- 25
- Total # Buildings
- Yes
- Building SqFt
- 9990
- SqFt Source
- Property Data Card
- Living Apx SqFt
- 9990
- Year Built
- 2018
- Full Baths
- 2
- Total Baths
- 2
- Control Depth
- 0
- Total Units
- 0
Status Change Info
- Sold Date
- 2026-01-21
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Appliances
- Other
- Retail Space
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Exceptional Islamorada 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.
Type
- Franchise
- Yes
- Grocery/Convenience
- Yes
- Professional Service
- Yes
- Restaurant
- Yes
Fee Includes
- Other
- Yes
Dockage
- None
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Concrete
- Yes
Construction
- CBS
- Yes
- Concrete
- Yes
Land Size
- 1/2 - Less Than 1 AC
- Yes
Utilities
- Municipal Sewer
- Yes
Miscellaneous
- High Traffc Location
- Yes
- High Visibility
- Yes
- Highway Frontage
- Yes
- Loading Dock
- Yes
Property Features
Type:
Franchise; Franchise; Grocery/Convenience; Professional Service; Restaurant
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Cooling:
Central Air
Heating:
Central
Utilities:
Municipal Sewer
Miscellaneous:
High Traffc Location; High Visibility; Highway Frontage; Loading Dock
Construction:
CBS; Concrete
Floor:
Concrete
Land Size:
1/2 - Less Than 1 AC
Fee Includes:
Other
Listing Office:
Coldwell Banker Schmitt Islamorada
Last Updated: January - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.