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$2,995,000
Upper Matecumbe Key Islamorada
Strattons   - MM: 82.50
Bed, Baths, 4,942 SqFt Days Listed: 37
Commercial - Active - Waterfront No
Side of Island: Ocean - n/a

SELLER MOTIVATED! Turnkey Restaurant opportunity with prime US1 Frontage in heart of downtown Islamorada! This is a rare chance to own a well-established 160-seat restaurant on a highly visible corner lot with excellent US1 exposure, offering ample parking and incredible potential. Accessible from both US1, Blackwood Dr & Old Hwy, this property is ideally located within walking distance to world class high-end resorts, boutique shops, art galleries, and other popular Islamorada attractions, making it a premiere location for both local and tourist traffic.Once featured on Food Networks *Diners, Drive-Ins and Dives* with Guy Fieri, the Islamorada Shrimp Shack has been a beloved destination for locals and visitors alike. The sale includes valuable Real Estate comprised of the 4,942 sqft building on a 16,746 sqft corner parcel in a highly desirable X flood zone; Village Center zoning allows for a multitude of potential uses from professional offices, boat dealer, to workforce housing development and more. All furniture, fixtures & equipment, food truck for catering, transferable liquor license conveys, and the longtime local staff would love to stay on allowing for immediate revenues on day one. Continue with the exciting existing business or bring your vision to the highly desirable Islamorada market! Call today!

$4,500,000
Upper Matecumbe Key Islamorada
The Key   - MM: 80.50
7 Bed, 7 Baths, SqFt Days Listed: 251
Commercial - Active - Waterfront No
Side of Island: N/A - n/a

Rare opportunity in downtown Islamorada. This is a development dream property on three quarter of an acre with six transient units,one market rate unit plus a commercial restaurant. Lots of options for redevelopment from restaurant with employee housing to a small boutique hotel with its own eatery. License for more than 200 seats with indoor and outdoor dining and plenty of parking ,opportunities like this in the heart of Islamorada are not available often. This is a must see and wont last .

$4,949,000
Upper Matecumbe Key Islamorada
Misc Upper Matacumbe   - MM: 82.00
2 Bed, 2 Baths, 1,080 SqFt Days Listed: 83
Industrial - Active - Waterfront No
Side of Island: Bay/Gulf - n/a

This exceptional property features 3 acres of pristine industrial upland, complemented by an additional 9 acres of bayfront land. The bayfront area includes plans for a 100 dock and two 30,000 lb boat lifts, which can be negotiated. The property boasts 150 feet of US1 frontage and is conveniently located north of the weigh station. The Village of Islamorada officially recognizes 1,972 square feet of non-residential floor area, one market-rate dwelling unit, and two affordable housing units on the property. The current zoning code permits the construction of over 30,000 square feet, based on 3.12 acres or 10,000 square feet per acre. Presently, there are four structures on the property. The seller is open to subdividing the land to meet the buyers needs. This is one of the few properties left in Monroe County with a wide range of potential uses, including residential. Seller financing is available for qualified buyers.

$6,500,000
Upper Matecumbe Key Islamorada
Ocean View   - MM: 82.50
2 Bed, 2 Baths, SqFt Days Listed: 79
Commercial - Active - Waterfront No
Side of Island: Median - n/a

7.7% Cap Rate at asking price! Prime income producing commercial property in the Heart of Islamorada! 100% tenant occupied with long term, TRUE NNN leases. 264 feet of frontage on Overseas Highway & 277 feet on the Old Hwy. Property offers 3 separate buildings. Building 1- Hardware store - retail use. Building 2- Boat Sales and service office with (2) 1 Bed / 1 Bathroom apartments on second floor. Building 3- Storage shed and workshop Total Gross Building Area: 9,124 Total Renovation and addition made in 2021, 2023. This property features ample parking with extensive open air boat storage.

$7,500,000
Upper Matecumbe Key Islamorada
Strattons   - MM: 82.00
Bed, Baths, 3,995 SqFt Days Listed: 81
Commercial - Active - Waterfront Yes
Side of Island: Bay/Gulf - n/a

Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, wedding venue, general store with package sales, and much more.The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100 dock to be constructed.The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.Whether youre looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information.***

The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated on 11-26-2024.
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