Remarks

7.7% Cap Rate at asking price! Prime income producing commercial property in the Heart of Islamorada! 100% tenant occupied with long term, TRUE NNN leases. 264 feet of frontage on Overseas Highway & 277 feet on the Old Hwy. Property offers 3 separate buildings. Building 1- Hardware store - retail use. Building 2- Boat Sales and service office with (2) 1 Bed / 1 Bathroom apartments on second floor. Building 3- Storage shed and workshop Total Gross Building Area: 9,124 Total Renovation and addition made in 2021, 2023. This property features ample parking with extensive open air boat storage.

Details

MLS#: 611398
Price: $6,500,000

Style: Office Buildings,Other Services,Retail,Boat Sales/Service
Bedrooms: 2
Baths Full: 2
Baths Half: 3
Year Built: 1960

County: Monroe
Subdivision: Ocean View (82.5)
Lot Size: 264 x 150 x 277 x 167
Tax Fee: 20644.51