$2,750,000

86500 Overseas Highway

ISLAMORADA FL, 33036

Description

Prime location in Islamorada Village for existing or new business. Perfect for a 1031 exchange. Various opportunities to do and build just about any type of commercial business. Rents on Island Aluminum can be improved greatly and are currently month to month. Island Aluminum receives reduced rent for collecting storage rentals which produces residual income from monthly boat and trailer rentals. The storage lot is full. There is also an apartment on the premises that can be used as an office or for mixed use. This is the last commercial property in the Islamorada Village that has very liberal zoning. New owner can install 10,000 square feet of new storage or tear down and build. PLEASE DO NOT DISTURB THE TENANTS.

Details

MLS#U8079701
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1982
Days On Site13

Features

SQ Feet10,203
Story(s)2

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Area Information

StateFL
CountyMonroe
CityISLAMORADA
Zip Code33036
Area33036 - Islamorada
Listing VS Median (in 33036)
Price:
$2,750,000
low | high
Med:
$2,750,000
50% of Average
SqFt:
10,203
low | high
Med:
10,203
50% of Average
$ / SqFt:
$270
low | high
Med:
$270
50% of Average
On Site:
13
low | high
Med:
13
100% of Average
Listing Updated: 04/03/2020
MLS Number: U8079701
Listing Provided By:
CRITTER Vellanti  of  DALTON WADE INC

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