81901 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036

$2,200,000
Property Type: Commercial Sale Baths: 4 Square Footage: 4,942 Lot Size (sq. ft.): 16,746 Status: Active
Current Price: $2,200,000 List Date: 8/23/2025 Last Modified: 1/05/2026

Description

Prime Commercial Opportunity in Islamorada! A rare find in the heart of Islamorada. This iconic restaurant property offers exceptional visibility along the world-famous Overseas Highway. Perfectly positioned on the corner of Overseas Highway and Blackwood Drive, this site has excellent traffic exposure, strong curb appeal, and convenient access for both locals and visitors traveling through the Florida Keys. Close proximity to multiple resorts, shopping, and the Morada Way Art District. The building totals 4,942 square feet situated on a 16,746 square feet lot, with ample customer and employee parking available in the front, side, and rear of the property with a 160 seat restaurant and a 5COP liquor license. Zoned Village Center (VC), the site offers tremendous flexibility for a wide range of commercial uses and is located in desirable X flood zone. Currently home to the Islamorada Shrimp Shack, a local staple and internationally recognized restaurant featured on Food Network's ''Diners, Drive-Ins, and Dives'' with Guy Fieri, the property presents a truly unique opportunity. Whether you're looking to continue a restaurant tradition in a turnkey setting or redevelop into a new commercial concept, this property provides a strong foundation for growth.

More Information MLS# 616246

Contract Information

Current Price: $2,200,000 Listing Date: 2025-08-23 Listing Board: Florida Keys List Price: $2,200,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 81901 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: 167 x 100 Lot SqFt: 16746 Waterfront: No Building SqFt: 4942 SqFt Source: Tax Records Living Apx SqFt: 4942 Year Built: 1947 Half Baths: 4 Total Baths: 4

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

License Info: Other/See Remarks Type: Restaurant; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Utilities: FKAA Appliances: Range; Refrigerator Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Storage Construction: CBS; Combo Construction Land Size: 1/4 - 1/2 Acre Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: January - 05 - 2026
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