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$4,400,000

  • Sold
  • Closed
  • Commercial
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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.

Full Property Details for 81984 Overseas Hwy

General

  • Sold For: $4,400,000
  • Taxes: $28,416 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: 927
  • MLS ID: 617385
  • Added to Site: 189 day(s) ago

Business

  • Name: West Marine Building

Interior

  • Flooring: Concrete

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Parking

  • Total Spaces: 32

Location

  • Area: 23 - Upper Matecumbe
  • County: Monroe
  • Subdivision: Strattons (82.5)

Community

  • Assoc. Fees Include: Other

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • # Buildings: 1
  • Construction: CBS, Concrete
  • Square Feet: 9,990
  • Sq. Ft. Source: Property Data Card
  • Year Built: 2018

Lot Features

  • Property View: No Waterview
  • Lot Size (Acres): 0.69
  • Lot Size (Sq. Ft.): 30,000
  • Lot Dimensions: 200 x 150
  • Zoning: VC - Village Center

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $28,416.37
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: BK 5 LTS 20 AND 21 STRATTONS SUBD PB 2-38 UPPER MATECUMBE G24-94 G45-384 OR439-448 OR508-932 OR853-1097 OR888-1517 OR100
  • Flood Zone: AE, AE
  • APN: 00399710-000000

Listed by Coldwell Banker Schmitt Islamorada, Elizabeth Jolin (305) 393-0994
Sold by Coldwell Banker Schmitt Islamorada, Ashley Lindmar, Realtor and Coldwell Banker Schmitt Islamorada, Christy Hughes

Listing agent

— 81984 Overseas Hwy —

  • Elizabeth Jolin

    Coldwell Banker Schmitt Islamorada

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 81984 Overseas Hwy

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Plantation Key School
100 Lake Road, Tavernier, FL 33070
PK-87.3 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1276.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 81984 Overseas Hwy

Date
Details
Price
Change
Source
1/21/2026
Sold
$4,400,000
-7.37%
MLS
11/20/2025
Listed
$4,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker Schmitt Islamorada, Elizabeth Jolin (305) 393-0994
Sold by Coldwell Banker Schmitt Islamorada, Ashley Lindmar, Realtor and Coldwell Banker Schmitt Islamorada, Christy Hughes

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Price Reduced near 81984 Overseas Hwy

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Recent Sales near 81984 Overseas Hwy

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81984 Overseas Hwy, Islamorada, FL 33036 - Photo 1 Sold
$4,400,000

81984 Overseas Hwy  Islamorada, FL 33036

  • Retail
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Sold by Outside Of MLS, outside of mls

81984 Overseas Highway, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 617385) is a Commercial property that was sold at $4,400,000 on January 21, 2026. Want to learn more about 81984 Overseas Highway? Do you have questions about finding other Commercial real estate for sale in Upper Matecumbe Key Islamorada? You can browse all Upper Matecumbe Key Islamorada real estate or contact a Coldwell Banker agent to request more information.