81984 Overseas Highway, ISLAMORADA, FL

Others for Sale - $4,750,000 - 9,990 Sq. Ft.


Agent Info

Elizabeth Jolin
Coldwell Banker Schmitt Real Estate Co.

Property Info

CIMLS#1184393
Location
  81984 Overseas Highway
  ISLAMORADA FL 33036
UpdatedNovember 22nd, 2025
TypeOthers
Price$4,750,000
Building9,990 Sq. Ft.

Property Description

Exceptional Islamorada commercial investment opportunity. Established national retailer, West Marine, occupies the property under a long-term lease with renewal options, delivering a consistent and reliable 6.08% cap rate. The 9,990 SF building, constructed in 2018, is situated on a 30,000 SF parcel with US-1 frontage in the heart of downtown Islamorada. Site features include 32 on-site parking spaces, Village Center zoning, and excellent highway visibility. This is a rare opportunity to acquire a stable, income producing investment property in one of the most constrained commercial markets in the Florida Keys.


Financials


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