Location
Agent Comments
7.7% Cap Rate at asking price! Prime income producing commercial property in the Heart of Islamorada! 100% tenant occupied with long term, TRUE NNN leases. 264 feet of frontage on Overseas Highway & 277 feet on the Old Hwy. Property offers 3 separate buildings. Building 1- Hardware store - retail use. Building 2- Boat Sales and service office with (2) 1 Bed / 1 Bathroom apartments on second floor. Building 3- Storage shed and workshop Total Gross Building Area: 9,124 Total Renovation and addition made in 2021, 2023. This property features ample parking with extensive open air boat storage.
Amenities
- Refrigerator
- Range
Interior Features
- Floors: Tile
Exterior Features
- Parking: Off Street Parking, Trailer Storage
- Roof: Metal Roof
Additional Features
- County: Monroe
- Tax Number: 00403860-000000
- Waterfront Features: No
- Water/Sewer: FKAA
- Stories: 2.0
- Year Built: 1960