82705 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036
$5,875,000
Property Type:
Commercial Sale
Bedrooms:
2
Baths:
5
Lot Size (sq. ft.):
44,107
Status:
Closed
Current Price:
$5,875,000
List Date:
9/09/2024
Last Modified:
5/30/2025
Overview
Description
Listing Details MLS# 611398
Location, Tax & Legal
- Street #
- 82705
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Upper Matecumbe Key Islamorada
- State/Province
- FL
- Zip Code
- 33036
- Subdivision
- Ocean View (82.5)
- County
- Monroe
- Area
- 23 - Upper Matecumbe
- City
- ISLAMORADA
- Off Shore Island
- No
- Mile Marker
- 82.5
- Marathon Neighborhood
- N/A
- Side
- Median
- Flood Zone
- AE,AE,0.2 PCT ANNUAL
- Alternate Key #
- 1496171
- Parcel #
- 00403860-000000
- Zoning
- VC - Village Center
- 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
- Taxes
- 20176.82
- Tax Year
- 2024
Contract Information
- Listing Board
- Florida Keys
- Limited Representation
- No
- For Sale/Lease
- For Sale
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 44107
- Waterfront
- No
- # Stories
- 2
- Total # Buildings
- 3
- Building SqFt
- 9064
- Year Built
- 1960
- Total Bedrooms
- 2
- Full Baths
- 2
- Half Baths
- 3
- Total Baths
- 5
- Control Depth
- 0
- Total Units
- 0
Status Change Info
- Sold Date
- 2025-05-30
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
More Information
Remarks & Misc
- Remarks – Consumer
- 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.
- Directions
- Overseas Hwy MM 82
Type
- Boat Sales/Service
- Yes
- Office Buildings
- Yes
- Retail
- Yes
- Other Services
- Yes
Fee Includes
- Other
- Yes
Dockage
- None
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Tile
- Yes
Windows/Doors
- Impact Rstnce Doors
- Yes
- Impact Rstnce Window
- Yes
Vehicle Storage
- Off Street Parking
- Yes
- Trailer Storage
- Yes
Construction
- CBS
- Yes
Land Size
- 1 Less Than 2 Acres
- Yes
Utilities
- FKAA
- Yes
Miscellaneous
- Residence on Premise
- Yes
Roof
- Metal Roof
- Yes
Tenant Paid
- Cable
- Yes
- Electric
- Yes
- Garbage
- Yes
- Insurance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Water
- Yes
Property Features
Type:
Boat Sales/Service; Office Buildings; Retail; Other Services
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Vehicle Storage:
Off Street Parking; Trailer Storage
Utilities:
FKAA
Appliances:
Range; Refrigerator
Miscellaneous:
Residence on Premise
Construction:
CBS
Floor:
Tile
Roof:
Metal Roof
Land Size:
1 Less Than 2 Acres
Fee Includes:
Other
Tenant Paid:
Cable; Electric; Garbage; Insurance; Sewer; Taxes; Water
Listing Office:
RE/MAX All Keys Real Estate
Last Updated: May - 30 - 2025
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.