Prime Downtown Islamorada commercial property featuring 5,232 SF

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Commercial For Sale

81900 Overseas Highway

Upper Matecumbe Key, Florida 33036

Monroe County Water View: Yes

Community: Strattons (825)

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$2,950,000 0 br, 3.0 bath 0 sq. ft. 0.000 acres

Prime Downtown Islamorada commercial property featuring 5,232 SF of retail space across four bays on a 15,000 SF large corner lot with excellent US-1 frontage. More than 50 years of continuous retail use makes this a well-known and highly visible location with both strong drive-by exposure and pedestrian access. Village Center zoning allows for future expansion or mixed-use possibilities, including second-story development or workforce housing (subject to approvals). Two long-term tenants are currently in place and would like to remain, offering stable income for the next owner. The third and fourth bays are currently vacant and available for immediate use or lease -- an ideal opportunity to secure new tenants or owner occupancy before the holiday season.Approximate sizes for rental bays: #1 1326 SF, #2 1230 SF, #3 899 SF, #4 1136 SFThis is a rare opportunity to acquire a stable income-producing asset with long-term upside in one of the most supply-constrained markets in the Florida Keys.

Interior:
  • Bedrooms: 0
  • Baths: 3.0
  • Sq Ft: 0
  • Year Built: 1975
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $9,756
  • MLS #: 617101
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Contact Information:
Beach Commercial For Sale in Upper Matecumbe Key, Florida
Listing Agent: Elizabeth Jolin, Coldwell Banker Schmitt Islamorada, 305-393-0994, 305-664-4470 Listing Site, Listing Status: Active
Copyright © 2025 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6773106
Viewed 45 times.
Updated: Oct 31, 2025

This property is a Commercial located at 81900 Overseas Highway, Upper Matecumbe Key, Florida 33036, and is currently For Sale at $2,950,000. This Commercial has 0 bedrooms, 3.0 baths, 0 sq ft.