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86560 Overseas Hwy

2,800 SF Industrial Building Islamorada, FL 33036 $4,994,900 ($1,784/SF)

Investment Highlights

  • Seller financing is available for qualified buyers.

Executive Summary

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 buyer's 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.

Property Facts

Price $4,994,900
Price Per SF $1,784
Sale Type Investment
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 3.00 AC
Rentable Building Area 2,800 SF
No. Stories 1
Year Built 1990
Tenancy Single
Parking Ratio 4.63/1,000 SF

Amenities

  • Waterfront

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 00092070-000000
  • 00091900-000100
Land Assessment
$1,545,235
Improvements Assessment
$75,004
Total Assessment
$1,620,239

zoning

Zoning Code SC (Industrial)
SC (Industrial)
  • Listing ID: 33125960

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 86560 Overseas Hwy, Islamorada, FL 33036

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