Office

82681 Overseas Highway

82681 Overseas Hwy, Islamorada, FL 33036

Listing Price: $1,100,000

Cap Rate
4.36%
Gross SF
6,210
Rentable SF
6,210
Price/Gross SF
$177.13
Lot Size
0.52 acres
Year Built
1948

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 82681 Overseas Highway, (the "Property"), a 6,210-square-foot, single-story professional center in Islamorada. The Property was a former Iberia Bank building and features a highly desirable drive-thru on a corner lot with 68 feet of frontage to Overseas Hwy (US-1), and it provides ease of access, with ingress and egress points in both the front and rear of the building. 82681 Overseas Highway provides an investor with the unique opportunity to acquire a cash-flowing asset with tremendous upside in repositioning the property. 82681 Overseas Highway is situated on over a half-acre of land and offers approximately 6,210 square feet of rentable space. The Property is located on Upper Matecumbe Key in the center of the highly sought-after Islamorada market. The current rent roll offers flexibility for an owner-user potentially looking to occupy the space or an investor looking to cash flow thebuilding with upside in redevelopment.

Investment Highlights

  • STABILIZED, HIGHLY SOUGHT-AFTER, PROFESSIONAL BUILDING WITH CURB APPEAL
  • OVER 68 FEET OF FRONTAGE TO OVERSEAS HIGHWAY (US- 1) ON A HARD CORNER IN ISLAMORADA
  • RENT ROLL FLEXIBILITY THAT ALLOWS FOR NEAR IMMEDIATE REDEVELOPMENT

Exclusively Listed By

Listing Price: $1,100,000

Cap Rate
4.36%
Gross SF
6,210
Rentable SF
6,210
Price/Gross SF
$177.13
Lot Size
0.52 acres
Year Built
1948

Investment Highlights

  • STABILIZED, HIGHLY SOUGHT-AFTER, PROFESSIONAL BUILDING WITH CURB APPEAL
  • OVER 68 FEET OF FRONTAGE TO OVERSEAS HIGHWAY (US- 1) ON A HARD CORNER IN ISLAMORADA
  • RENT ROLL FLEXIBILITY THAT ALLOWS FOR NEAR IMMEDIATE REDEVELOPMENT

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 82681 Overseas Highway, (the "Property"), a 6,210-square-foot, single-story professional center in Islamorada. The Property was a former Iberia Bank building and features a highly desirable drive-thru on a corner lot with 68 feet of frontage to Overseas Hwy (US-1), and it provides ease of access, with ingress and egress points in both the front and rear of the building. 82681 Overseas Highway provides an investor with the unique opportunity to acquire a cash-flowing asset with tremendous upside in repositioning the property. 82681 Overseas Highway is situated on over a half-acre of land and offers approximately 6,210 square feet of rentable space. The Property is located on Upper Matecumbe Key in the center of the highly sought-after Islamorada market. The current rent roll offers flexibility for an owner-user potentially looking to occupy the space or an investor looking to cash flow thebuilding with upside in redevelopment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower