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26813607
26813630

88521 Overseas Hwy, Tavernier, FL 33070

GD
FL SL3420625
RE/MAX All Keys Real Estate
CS
FL FL 263500131
RE/MAX All Keys Real Estate
Listed by RE/MAX All Keys Real Estate
$6,500,000
274 days on market
Updated 64 days ago

NNN Leased Investment Property

Details
Property Type Industrial, Office (+3)
Sub Type Shopping Center, Storefront
Square Footage 12,760
Net Rentable (SqFt) 12,760
Cap Rate 4.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 20
Remaining Term 18
Class B
Year Built 1955
Year Renovated 1995
Stories 1
Lot Size (SqFt) 70,872
Zoning HC- Highway Commercial
Investment Type Net Lease
Occupancy Date 07/01/2018

NNN Leased Investment Property

Marketing description

Exceptional investment opportunity in the heart of Islamorada. This multi-tenant commercial property is anchored by Kodiak Lumber, a national tenant on a long-term NNN lease, providing stable, passive income. In addition, the property features six other retail, office, and restaurant spaces, all occupied on month-to-month leases by tenants who have been in place for over 15 years, creating a reliable and diversified income stream.

Positioned on one of the largest parcels along US-1 in Islamorada, this asset offers unmatched visibility with 593 feet of frontage on both US-1 (Overseas Hwy) and Old Hwy, benefiting from high daily traffic counts on both roadways.

The buildings are of solid CBS construction and have been meticulously maintained, with ample on-site parking available for customers, staff, equipment, or commercial fleet use. Highway Commercial (HC) zoning allows for a broad range of uses including retail, service, office, and marine-related operations, giving investors flexibility for future growth and repositioning.

This is a rare chance to acquire a trophy Upper Keys commercial investment property with a strong national anchor, proven tenant history, and prime redevelopment potential.

Investment highlights

  1. National Anchor Tenant (Kodiak Lumber) on long-term NNN lease

  2. Six additional retail/office/restaurant spaces, tenants in place 15+ years

  3. One of the largest parcels on US-1 in Islamorada

  4. 593 feet of frontage on US-1 (Overseas Hwy) and Old Hwy

  5. High daily traffic counts with maximum visibility

  6. Solid CBS construction, buildings and grounds meticulously maintained

  7. HC (Highway Commercial) zoning – broad range of permitted uses

  8. Ample on-site parking for customers, staff, equipment, or fleet

Listing Contacts

GD
FL SL3420625
RE/MAX All Keys Real Estate
CS
FL FL 263500131
RE/MAX All Keys Real Estate
Listed by RE/MAX All Keys Real Estate

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Additional Information

Name
Greg Dully
License
SL3420625
Brokerage
RE/MAX All Keys Commercial
Brokerage Phone
305-916-3332
Title
Commercial Specialist
Name
Curtis A. Skomp, CCIM
License
FL 263500131
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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