About 81984 Overseas Highway
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.
Features of 81984 Overseas Highway
| MLS® # | 617385 |
|---|---|
| Price | $4,750,000 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 9,990 |
| Year Built | 2018 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 81984 Overseas Highway |
|---|---|
| Area | 23 - Upper Matecumbe |
| Subdivision | Strattons (82.5) |
| City | ISLAMORADA |
| County | Monroe |
| State | FL |
| Zip Code | 33036 |
Amenities
| Utilities | Municipal Sewer |
|---|---|
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
Interior
| Heating | Central Air |
|---|
Exterior
| Lot Description | 1/2 - Less Than 1 AC |
|---|---|
| Construction | CBS, Concrete |
Additional Information
| Date Listed | November 20th, 2025 |
|---|---|
| Days on Market | 18 |
| Zoning | VC - Village Center |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Elizabeth Jolin |
|---|---|
| Office | Coldwell Banker Schmitt Islamorada |