Prime Redevelopment Opportunity in the Heart of Islamorada A rare investment in paradise!
This one-of-a-kind property, made up of three parcels located at 82925, 82929, and 82935 Overseas Hwy, presents a developer's dream in the heart of Islamorada. Total lot size is 22,500 SF situated between US1 and Old Highway for dual access.
Currently featuring a mix of mobile homes, multiple apartments, and a commercial building, the property is zoned Village Center, allowing for a broad range of redevelopment possibilities. Islamorada Village Planning Department recognizes 8 Market Rate Development Rights and 1 commercial building boasting 3,312 nonresidential SF with attached work yard.
Opportunity exists in redevelopment and/or transferring development rights to other Islamorada parcels.
At the gateway to Islamorada, this prime location offers an unparalleled welcome to all Islamorada has to offer including world-class fishing, dining, diving, and shopping. Find a win through thoughtful investment in the charmed Islamorada real estate market.