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81900-81906 Overseas Hwy 5,232 SF Retail Building Islamorada, FL 33036 $4,078,375 CAD ($779.51 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Overseas Hwy Frontage
- Desirable Corner Lot with Over 50 Years Retail Tenancy
- 5,232 SF Retail Space
EXECUTIVE SUMMARY
Located in the heart of Downtown Islamorada, 81900 Overseas Highway offers a rare chance to acquire a proven retail asset with more than 50 years of continuous commercial tenancy. Positioned on a large corner parcel with exceptional US-1 frontage, the property benefits from both strong vehicular exposure and walkable access within Islamorada’s core commercial district — an area poised for continued growth and redevelopment.
The 15,000 SF property offers 5,232 square feet of leasable space configured into four retail bays, supporting diversified tenancy and income stability. Longstanding retail occupancy demonstrates enduring demand for quality space in this market, underscoring the property’s role as a recognizable fixture within the community.
Village Center (VC) zoning further enhances long-term value by permitting opportunities such as second-story expansion, mixed-use enhancement, or workforce housing components, subject to approvals — unlocking potential for increased revenue and future repositioning.
The 15,000 SF property offers 5,232 square feet of leasable space configured into four retail bays, supporting diversified tenancy and income stability. Longstanding retail occupancy demonstrates enduring demand for quality space in this market, underscoring the property’s role as a recognizable fixture within the community.
Village Center (VC) zoning further enhances long-term value by permitting opportunities such as second-story expansion, mixed-use enhancement, or workforce housing components, subject to approvals — unlocking potential for increased revenue and future repositioning.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,232 SF
Building Class
C
Year Built/Renovated
1975/2000
Price
$4,078,375 CAD
Price Per SF
$779.51 CAD
Cap Rate
4%
NOI
$163,135 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.34 AC
Zoning
MU
Parking
8 Spaces (1.53 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 00399260-000100 | Improvements Assessment | $653,428 CAD |
| Land Assessment | $790,171 CAD | Total Assessment | $1,443,599 CAD |
PROPERTY TAXES
Parcel Number
00399260-000100
Land Assessment
$790,171 CAD
Improvements Assessment
$653,428 CAD
Total Assessment
$1,443,599 CAD
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81900-81906 Overseas Hwy
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