82705 Overseas Hwy, Islamorada, FL 33036

$5,875,000
2
BD
5
BA
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Sold Price
$5,875,000
List Price
$6,500,000
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(305) 394-3037

Property Description

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.

(305) 394-3037
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Listing Courtesy Of RE/MAX All Keys Real Estate, Contact: 305-451-0060

Selling Office: .