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82705 Overseas Hwy

9,124 SF 100% Leased Office Building Islamorada, FL 33036 £5,085,925 (£557/SF) 7% Net Initial Yield

Executive Summary

This property offers 3 separate buildings. Building 1– Hardware store - retail use, building 2- boat sales and service office with 2 affordable housing units on second floor, building 3– Storage shed and workshop. This property sits on 264 feet of frontage on the south side of the Overseas Highway & 277 feet on Old Hwy 100% Tenant occupied with long term NNN leases. Total Renovations and addition were made in 2021, 2023. This prime commercial property property features extensive open air boat storage and ample parking.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,124 SF
Year Built/Renovated
1960/2021
Price
£5,085,925
Price Per SF
£557
Net Initial Yield
7%
NOI
£356,015
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,562 SF
Zoning
VC - Village Center
  • Listing ID: 33086459

  • Date on Market: 06/09/2024

  • Last Updated:

  • Address: 82705 Overseas Hwy, Islamorada, FL 33036

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