About 82705 Overseas Highway
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.
Features of 82705 Overseas Highway
| MLS® # | 611398 |
|---|---|
| Price | $6,500,000 |
| Bedrooms | 2 |
| Bathrooms | 5.00 |
| Full Baths | 2 |
| Half Baths | 3 |
| Square Footage | 9,064 |
| Year Built | 1960 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Contingent/Show |
Community Information
| Address | 82705 Overseas Highway |
|---|---|
| Area | 23 - Upper Matecumbe |
| Subdivision | Ocean View (82.5) |
| City | ISLAMORADA |
| County | Monroe |
| State | FL |
| Zip Code | 33036 |
Amenities
| Utilities | FKAA |
|---|---|
| Parking | Off Street Parking, Trailer Storage |
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | Refrigerator, Range |
|---|---|
| # of Stories | 2 |
Exterior
| Lot Description | 1 Less Than 2 Acres |
|---|---|
| Windows | Impact Rstnce Window, Impact Rstnce Doors |
| Roof | Metal Roof |
| Construction | CBS |
Additional Information
| Date Listed | September 9th, 2024 |
|---|---|
| Days on Market | 233 |
| Zoning | VC - Village Center |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gregory Dully |
|---|---|
| Office | RE/MAX All Keys Real Estate |