, FL -
Commercial
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.***
Listing Summary for
Price:
$7,500,000
Bedrooms:
n/a
Bathrooms:
n/a
Half Baths:
n/a
Square Footage:
3,995
Lot Sq. Ft.:
30,415
Year Built:
n/a
Property Type:
Commercial
Sub-Type:
Commercial
MLS® #:
611387
Status:
Active
Address:
City:
State:
FL
Zip:
33036
County:
Monroe
Key:
Upper Matecumbe Key Islamorada
Side of Island:
Bay/Gulf
Community:
Strattons
Mile Marker:
82.00
Tax Year:
2023
Date Listed:
09-07-2024
Additional Information
Is Waterfront:
Yes
Waterfront Type:
n/a
View
n/a
Has Pool:
n/a
Pool Info:
n/a
Short Sale:
No
Foreclosure:
No
Pets:
n/a
Docakge Type:
n/a
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
n/a
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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. The MLS data provided for the property above (611387) is provided courtesy of (Island Equity Real Estate). Data last updated on 11-26-2024.
