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23361022
23361047

96 Madeira Rd, Islamorada, FL 33036

BL
FL Florida #3464652
Berkshire Hathaway HomeServices Freewheeler Realty
Listed by Berkshire Hathaway HomeServices Freewheeler Realty
$18,000,000
388 days on market
Updated 18 days ago

Iconic Islamorada Waterfront Restaurant & Cabana Bar

Details
Property Type Retail, Multifamily (+3)
Sub Type Business and Building
Square Footage 4,750
Cap Rate 4.00%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 100
Year Built 1951
Year Renovated 2006,2016
Buildings 3
Stories 1
Acreage 5.000
Zoning HC : Highway Commercial
Investment Type Value Add

Business & Real Estate for Sale

Marketing description

''The Pulse of Islamorada'' ... Iconic Islamorada Restaurant & Cabana Bar available for Sale, Real Estate and Business included. Spanning over 1,000 feet of bayfront and 500 ft of Highway frontage, where the locals & visitors come from near & far to watch nightly sunsets over the bay, enjoy food & libations, and listen to live bands daily. This property includes over 5 acres of real estate (survey available), full service bar with 5 Cop liquor license, 250 seat outdoor restaurant, private party & tournament hosting area. New parking lot, lighting, & drainage completed in 2020 with plenty of parking to expand the business. Concrete building built in 2015/2016 for gift shop, bathrooms, laundry, prep kitchen, storage, and more. In addition, property includes main kitchen, special event tiki bar, dockage, beach, boat ramp, and more. Sale includes 4 on site building rights & 2 boat slips in the Islamorada Yacht Basin located adjacent to property. Room for expansion. Voted Best Sunset year after year. Additional information and financials available upon request. NDA and POF required. Contact Listing Agent . All information to be verified by Buyer/Buyer's Agent.

Investment highlights

Real Estate and Business included

Spanning over 1,000 feet of bayfront and 500 ft of Highway frontage

This property includes over 5 acres of real estate (survey available)

Full service bar with 5 Cop liquor license

250 seat outdoor restaurant

Private party & tournament hosting area

New parking lot, lighting, & drainage completed in 2020 with plenty of parking to expand the business

Concrete building built in 2015/2016 for gift shop, bathrooms, laundry, prep kitchen, storage, and more.

Sale includes 4 on site building rights & 2 boat slips in the Islamorada Yacht Basin located adjacent to property.

Listing Contacts

BL
FL Florida #3464652
Berkshire Hathaway HomeServices Freewheeler Realty
Listed by Berkshire Hathaway HomeServices Freewheeler Realty

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Additional Information

Name
Brian Lindback
License
Florida #3464652
Brokerage Address
85992 Overseas Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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