74450 Overseas Highway, Lower Matecumbe, FL 33036

$1,680,000
Property Type: Commercial Sale Bedrooms: 3 Baths: 2 Square Footage: 1,980 Lot Size (sq. ft.): 6,900 Status: Active
Current Price: $1,680,000 List Date: 7/08/2026 Last Modified: 7/08/2026

Description

NEW PHOTOS COMING SOON. Prime Islamorada Mixed-Use Investment | Ocean Views | Overseas Highway Frontage Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views. Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning. An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with substantial parking, exceptional visibility, and an irreplaceable oceanfront setting. Investors, business owners, and developers will appreciate the property's versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views. Located in one of the Florida Keys' most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-renowned fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys. Whether you're seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida's most sought-after commercial corridors.

More Information MLS# 620534

Contract Information

Current Price: $1,680,000 Listing Date: 2026-07-08 Listing Board: Florida Keys List Price: $1,680,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 74450 Street Name: Overseas Street Suffix: Highway Key/Island: Lower Matecumbe State/Province: FL Zip Code: 33036 Subdivision: White Marlin Bch (74.5) County: Monroe Area: 22 - Lower Matecumbe

General Property Description

Realtor.COM Type: Commercial Style: Misc Prop Rights Lot Size: 60 X 115 Lot SqFt: 6900 Waterfront: No Business Name: na Off Street Parking: yes # Stories: 2 Total # Buildings: 1 Building SqFt: 1980 SqFt Source: Tax Records Living Apx SqFt: 1980 Year Built: 1967 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Maintenance Fee $: 300 Assoc/Mnt Fee Per: Yearly

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Type: Apartment 3 or more; Office Buildings; Other Services Waterfront: Oceanfront; Open Water Waterview: Ocean View Dockage: None Vehicle Storage: Common Parking; Guest Parking; Off Street Parking; Trailer Storage Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dryer; Washer Construction: CBS; Concrete Land Size: Less Than 1/4 Acre Fee Includes: None
Listing Office: Realty ONE Group Destination (ISL)
Last Updated: July - 08 - 2026
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