82929 Overseas Hwy - Manufactured Housing/Mobile Housing FOR SALE


Islamorada, FL 33036
$5,500,000 USD
305-393-0994
82929 Overseas Hwy, Islamorada, FL for Sale
$5,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | Request Cap Rate

82929 Overseas Hwy
Islamorada, FL 33036


HIGHLIGHTS

  • 12 Market Rate Development Rights and 3,456 Non-Res Area
  • Downtown Heart of Islamorada Walkable to all Amenities
  • Zoned Village Center Allowing Multiple Uses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

12

PRICE/UNIT

$458,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

VC-NC

APN/PARCEL ID

00403630-000000,00403640-000000

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.