81900 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036

$2,950,000
Property Type: Commercial Sale Baths: 3 Square Footage: 5,232 Lot Size (sq. ft.): 15,000 Status: Active
Current Price: $2,950,000 List Date: 10/31/2025 Last Modified: 1/15/2026

Description

Prime Downtown Islamorada commercial property featuring 5,232 SF of retail space across four bays on a 15,000 SF large corner lot with excellent US-1 frontage. More than 50 years of continuous retail use makes this a well-known and highly visible location with both strong drive-by exposure and pedestrian access. Village Center zoning allows for future expansion or mixed-use possibilities, including second-story development or workforce housing (subject to approvals). Two long-term tenants are currently in place and would like to remain, offering stable income for the next owner. The third and fourth bays are currently vacant and available for immediate use or lease — an ideal opportunity to secure new tenants or owner occupy before the holiday season. This is a rare opportunity to acquire a stable income-producing asset with long-term upside in one of the most supply-constrained markets in the Florida Keys.

More Information MLS# 617101

Contract Information

Current Price: $2,950,000 Listing Date: 2025-10-31 Listing Board: Florida Keys List Price: $2,950,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location Tax Legal

Street #: 81900 Street Name: Overseas Street Suffix: Highway Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Strattons (82.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 100 x 150 Lot SqFt: 15000 Waterfront: No # Parking Spaces: 15 # Stories: 1 Total # Buildings: 1 Building SqFt: 5232 SqFt Source: Tax Records Living Apx SqFt: 5232 Total Units: 3 Year Built: 1975 Full Baths: 3 Total Baths: 3

Status Change Info

Status: Active

Association Info

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

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 Vehicle Storage: Common Parking Cooling: Central Air Utilities: FKAA; Separate Meters Appliances: No Appliances Miscellaneous: High Traffc Location; Highway Frontage Construction: CBS Floor: Concrete Land Size: 1/2 - Less Than 1 AC Fee Includes: Building Insurance; Common Area Mnt; Water
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: January - 15 - 2026
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