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Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,990 sqft
Price per Sqft $440
MLS Listing ID R11142211
Year Built 2018
Annual Tax Amount $28,416
Tax Year 2024
Lot Size 1.000 Acres
Property Sub-Type Retail
Property Description
Exceptional Islamorada, Florida Keys 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
Location
State FL
County Monroe
Area 5940 - Other Florida County
Zoning Village Center
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Roof Type Built-Up
Building
Lot Description Central Business District
Building Description Block,Concrete, Office,Showroom,Storage
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction Yes
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Christy Lee C Hughes Coldwell Banker Schmitt Real E
Nearby Schools & Businesses
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Todd Lipsich
Broker / Owner | License ID: BK613860
Broker / Owner License ID: BK613860
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