81901 Overseas Hwy
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81901 Overseas Hwy
4,349 SF 100% Leased Retail Building Islamorada, FL 33036 $4,245,323 CAD ($976 CAD/SF)
Investment Highlights
- US1 Frontage, Tons of Parking, Street to street access, Lots of Storage.
Executive Summary
Turnkey Restaurant opportunity with prime US1 Frontage in heart of downtown Islamorada! This is a rare chance to own a well-established 160-seat restaurant on a highly visible corner lot with excellent US1 exposure, offering ample parking and incredible potential. Accessible from both US1, Blackwood Dr & Old Hwy, this property is ideally located within walking distance to world class high-end resorts, boutique shops, art galleries, and other popular Islamorada attractions, making it a premiere location for both local and tourist traffic. Once featured on Food Network's *Diners, Drive-Ins and Dives* with Guy Fieri, the Islamorada Shrimp Shack has been a beloved destination for locals and visitors alike. The sale includes valuable Real Estate comprised of the 4,942 sqft building on a 16,746 sqft corner parcel in a highly desirable 'X' flood zone; Village Center zoning allows for a multitude of potential uses from professional offices, boat dealer, to workforce housing development and more. All furniture, fixtures & equipment, food truck for catering, transferable liquor license conveys, and the longtime local staff would love to stay on allowing for immediate revenues on day one. Continue with the exciting existing business or bring your vision to the highly desirable Islamorada market! Call today!
Directions: MM 82.5 Oceanside, Accessible from Overseas Hwy & Old Hwy. Open everyday but Wednesdays, 11:30am -9pm. Appointment required. Please do not disturb owner or employees.
Directions: MM 82.5 Oceanside, Accessible from Overseas Hwy & Old Hwy. Open everyday but Wednesdays, 11:30am -9pm. Appointment required. Please do not disturb owner or employees.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,349 SF
Building Class
C
Year Built
1947
Price
$4,245,323 CAD
Price Per SF
$976 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.26
Lot Size
0.39 AC
Zoning
HC - Highway Commercial - HC - Highway Commercial
Parking
26 Spaces (5.26 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
Parcel Number | 00400070-000000 | Improvements Assessment | $733,546 CAD |
Land Assessment | $863,336 CAD | Total Assessment | $1,596,882 CAD |
PROPERTY TAXES
Parcel Number
00400070-000000
Land Assessment
$863,336 CAD
Improvements Assessment
$733,546 CAD
Total Assessment
$1,596,882 CAD
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81901 Overseas Hwy
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