82705 Overseas Highway
Upper Matecumbe Key Islamorada, FL 33036
2 beds | 5.00 baths | #611398
Description
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.
Property Details
- SubdivisionOcean View (82.5)
- Property TypePurchase
- Cost6500000
- MLS #611398
- MLS #611398
- Bathrooms5.00
- Year Built1960
- Bedrooms2
- Property SubtypeC
Location
Legal
Notice: This listing provided courtesy of Florida Keys MLS (FLKEYSMLS). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Last Updated: . Source: FLKEYSMLS
Listing Courtesy
Listing Agent: Gregory Dully (#3420625), Phone: (305) 900-4232, Email: GregDully@RemaxCommercialTeam.co
Listing Office: RE/MAX All Keys Real Estate (#1050685)
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