82705 Overseas Hwy - Office/Residential FOR SALE


Islamorada, FL 33036
$6,500,000 USD
305-900-4232
82705 Overseas Hwy, Islamorada, FL for Sale
$6,500,000 USD
Office/Residential - FOR SALE
1/63
null | 7% Cap Rate

82705 Overseas Hwy
Islamorada, FL 33036


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$712 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.7% Cap Rate!

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,350 SF

ZONING

VC

APN/PARCEL ID

00403860-000000

ASK ABOUT THIS PROPERTY

Greg DullyRE/MAX All Keys Real Estate - Commercial TeamMore Info
305-900-4232

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Greg DullyRE/MAX All Keys Real Estate - Commercial TeamMore Info
305-900-4232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.