74560 Overseas Hwy - Apartments FOR SALE


Islamorada, FL 33036
$4,100,000 USD
305-393-0994
74560 Overseas Hwy, Islamorada, FL for Sale
$4,100,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

74560 Overseas Hwy
Islamorada, FL 33036


HIGHLIGHTS

  • 100' Seawall
  • 15,100 SF Parcel
  • Multiple Residential, Affordable, and Retail Usage
  • 5,100 SF Building

OVERVIEW

74560 Overseas Highway is a dynamic waterfront commercial asset with multiple revenue paths and significant redevelopment potential. Situated on a 15,000 SF parcel with generous on-site parking and 100 feet of seawall capable of accommodating up to 8 slips, the property delivers premier highway exposure and immediate Florida Bay and Atlantic Ocean access. Zoning supports four affordable housing units, one market-rate residence, and 5,640 SF of commercial space, creating a layered income strategy that blends residential density with marine-oriented business activity. The existing structure features expansive wraparound windows framing sweeping Atlantic views, plus a top-floor penthouse suite suited for owner occupancy, executive housing, or premium rental use (subject to approvals). The building configuration can also accommodate a rooftop helipad. Commercial Fishing zoning allows for uses such as a destination restaurant, seafood market, marine outfitter, charter or backcountry fishing headquarters, marina-support retail, or other enterprises aligned with the working waterfront. This is a high-visibility, commercial platform where housing, marine access, and US-1 frontage intersect to create compelling long-term value.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$804 USD /SF

# OF UNITS

6

PRICE/UNIT

$683,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CFA

APN/PARCEL ID

00394480-000105

ASK ABOUT THIS PROPERTY

Elizabeth JolinColdwell Banker Schmitt Real Estate Co.More Info
305-393-0994

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Elizabeth JolinColdwell Banker Schmitt Real Estate Co.More Info
305-393-0994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.