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Overseas
2 Properties Offered at £5,868,375 in Islamorada, FL
Investment Highlights
- 3 Transferable Development Sites
- 5COP Quota Liquor License
- Zoned Village Center - Endless Opportunties
- Free Standing Building with Kitchen and Bar
- Protected Boat Basin for Multiple Boats
Executive Summary
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP quote liquor license - no food sales required package store OK.
Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, wedding venue, package store, general store, luxury townhomes, vacation rentals, restaurants, marinas, and much more.
The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed. The Village of Islamorada officially recognizes three waterfront market-rate dwelling units (TDRs)
. The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community with the transfer in of additional TDRs.
2 Parcels to be sold together. Please do not walk property without listing agent.
Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, wedding venue, package store, general store, luxury townhomes, vacation rentals, restaurants, marinas, and much more.
The property spans 30,415 sqft. It includes a Bayfront boat basin and deeded bay bottom. The boat basin provides dockage for up to 7 vessels and there is adequate depth for an additional 100' dock to be constructed. The Village of Islamorada officially recognizes three waterfront market-rate dwelling units (TDRs)
. The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community with the transfer in of additional TDRs.
2 Parcels to be sold together. Please do not walk property without listing agent.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £5,868,375 | Number of Properties | 2 |
| Price / SF | £1,387 / SF | Individually For Sale | 0 |
| Sale Conditions | Portfolio Sale | Total Building Size | 4,230 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Status | Active |
| Price | £5,868,375 |
| Price / SF | £1,387 / SF |
| Sale Conditions | Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,230 SF |
| Total Land Area | 1.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 81910 Overseas Hwy, Islamorada, FL 33036 | Land | 0.75 AC | - | - |
| 81913-81217 Overseas Hwy, Islamorada, FL 33036 | Retail | 4,230 SF | 1963 | - |
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