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74560 Overseas Hwy 6 Unit Apartment Building $3,900,000 ($650,000/Unit) Islamorada, FL 33036
Investment Highlights
- 100' Seawall
- Multiple Residential, Affordable, and Retail Usage
- 15,100 SF Parcel
- 5,100 SF Building
Executive Summary
74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Tile Floors
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Office
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Furnished Units Available
- Trash Pickup - Curbside
- Storage Space
- Dock
- Walk-Up
- Smoke Detector
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00394480-000105 | Improvements Assessment | $1,118,445 |
| Land Assessment | $1,208,654 | Total Assessment | $2,327,099 |
Property Taxes
Parcel Number
00394480-000105
Land Assessment
$1,208,654
Improvements Assessment
$1,118,445
Total Assessment
$2,327,099
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74560 Overseas Hwy
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