105 Palm Avenue, Upper Matecumbe Key Islamorada, FL 33036

New Listing
$4,600,000
Property Type: Commercial Sale Bedrooms: 1 Baths: 4 Lot Size (sq. ft.): 9,225 Status: Active
Current Price: $4,600,000 List Date: 2/25/2026 Last Modified: 2/25/2026

Description

This is an exceptionally rare chance to secure a versatile mixed use commercial property in Islamorada's most established business corridors. With prominent highway frontage, excellent visibility, and steady traffic exposure, theses three building are ideally positioned for a wide range of commercial uses. Its central location within the Village of Islamorada provides strong access to both local residents and year-round visitor activity, making it an appealing option for investors and owner-operators. The building features a practical, adaptable layout suitable for professional offices, medical or wellness services, boutique retail, administrative operations, or specialty businesses. Large front-facing windows bring in natural light and enhance street presence, creating an inviting entry point for customers and clients. The interior opens into a flexible main area that can function as a reception space, retail floor, open office environment, or showroom. The footprint also supports the creation of private offices, treatment rooms, or storage areas, allowing businesses to tailor the space to their operational needs. On-site parking adds significant value, providing convenient access for customers and employees--an important advantage in Islamorada's commercial zones. Excellent signage opportunities ensure strong brand exposure. Easy ingress and egress make the location suitable for both destination-based and walk-in business models. Surrounded by established businesses, restaurants, marinas, and residential neighborhoods, the property benefits from a diverse and active customer base. Islamorada's strong local economy and tourism-driven demand enhance the long-term appeal of this location. With limited standalone commercial inventory available in the Upper Keys, 81579 Old Highway offers a unique setting for multiple uses within walking distance to Cheeca Lodge, The Moorings, and Worl Wide Sportsman. Totally renovated in 2019. Virtual tour www.166bayviewdrive,com

More Information MLS# 618814

Contract Information

Current Price: $4,600,000 Listing Date: 2026-02-10 Listing Board: Florida Keys List Price: $4,600,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 105 Street Name: Palm Street Suffix: Avenue Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Grove Park (81.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 9225 Lot SqFt: 9225 Waterfront: No # Parking Spaces: 14 # Stories: 1 Building Ht. Ft.: 20 Total # Buildings: 3 Building SqFt: 2965 SqFt Source: Tax Records Year Built: 1951 Total Bedrooms: 1 Full Baths: 1 Half Baths: 3 Total Baths: 4

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No Type: Office Buildings; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Cooling: Central Air; Wall/Window Unit(s) Heating: Heat Pump Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; Handicap Access; High Traffc Location; Highway Frontage; Residence on Premise Construction: CBS; Combo Construction Floor: Tile Roof: Combo Roof Land Size: Less Than 1/4 Acre Fee Includes: Other Title: Title Ins - Buyer
Listing Office: Paradise Florida Keys Real Estate, a Luxury Brand
Last Updated: February - 25 - 2026
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