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88521 Overseas hwy 12,760 SF 100% Leased Retail Building Islamorada, FL 33036 $6,500,000 ($509.40/SF)
Executive Summary
Prime Commercial Property in the Heart of Islamorada. A rare opportunity to acquire a trophy commercial investment property in a highly desirable Upper Keys location.
National anchor tenant (Kodiak Lumber) secured with a long-term NNN lease, plus six additional retail, office, and restaurant spaces occupied on month-to-month leases by long-standing tenants (15+ years). Located on one of the largest parcels on US-1 in Islamorada, this property offers outstanding visibility with 593 feet of frontage on both US-1 (Overseas Hwy) and Old Hwy and benefits from high daily traffic counts. Solid CBS construction, meticulously maintained buildings and grounds, and ample on-site parking for customers, staff, and commercial fleet. Zoned HC (Highway Commercial), allowing a broad range of uses including retail, office, service, and marine-related operations.
National anchor tenant (Kodiak Lumber) secured with a long-term NNN lease, plus six additional retail, office, and restaurant spaces occupied on month-to-month leases by long-standing tenants (15+ years). Located on one of the largest parcels on US-1 in Islamorada, this property offers outstanding visibility with 593 feet of frontage on both US-1 (Overseas Hwy) and Old Hwy and benefits from high daily traffic counts. Solid CBS construction, meticulously maintained buildings and grounds, and ample on-site parking for customers, staff, and commercial fleet. Zoned HC (Highway Commercial), allowing a broad range of uses including retail, office, service, and marine-related operations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
12,760 SF
Year Built
1955
Price
$6,500,000
Price Per SF
$509.40
Percent Leased
100%
Building Height
1 Story
Building FAR
0.34
Lot Size
0.87 AC
Zoning
HC - HC- Highway Commercial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00412690-000000 | Improvements Assessment | $1,154,395 |
| Land Assessment | $2,464,645 | Total Assessment | $3,619,040 |
Property Taxes
Parcel Number
00412690-000000
Land Assessment
$2,464,645
Improvements Assessment
$1,154,395
Total Assessment
$3,619,040
Contacts
-
Greg Dully -
Curtis A. Skomp, CCIM -
RE/MAX All Keys Real Estate - Commercial Team
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