81984 Overseas Hwy, Islamorada, FL 33036

$4,400,000
2
BA
9,990
SqFt

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Sold Price
$4,400,000
List Price
$4,750,000

Property Description

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.

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Listing Courtesy Of Coldwell Banker Schmitt Islamorada, Contact: 305-664-4470

Selling Office: .