82705 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 611398)

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: 8/31/2026

Overview

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.

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

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

Status Change Info

Under Contract Date: 2025-05-26
Leased 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

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: August - 31 - 2026

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