Islamorada Commercial Residential
Islamorada Commercial Residential with Ocean views, Live & work in one location
Marketing description
Exceptional mixed-use investment opportunity in the heart of Islamorada. Positioned directly on the Overseas Highway at Mile Marker 74.5, this highly visible Neighborhood Commercial (NC) property offers outstanding exposure, excellent accessibility, and panoramic Atlantic Ocean views.
Originally permitted as a three-unit apartment building, the property is currently configured with two primary residential/commercial spaces, presenting an opportunity for a future owner to explore the potential for a third apartment or additional income-producing space, subject to local approvals. The flexible layout lends itself to owner-occupancy, employee housing, professional offices, retail, vacation accommodations (where permitted), or a variety of commercial uses allowed under NC zoning.
An increasingly rare feature in the Upper Keys, this property combines valuable highway frontage with substantial parking, exceptional visibility, and an irreplaceable oceanfront setting. Investors, business owners, and developers will appreciate the property’s versatility, while end users may envision transforming it into a distinctive single-family residence with sweeping Atlantic views.
Located in one of the Florida Keys’ most desirable markets, the property is surrounded by established businesses, restaurants, marinas, resorts, and world-renowned fishing and diving destinations. Its strategic location offers convenient access for both locals and visitors traveling throughout the Keys.
Whether you’re seeking a long-term investment, owner-user opportunity, redevelopment potential, or a signature live-work property, this unique Islamorada offering delivers location, flexibility, visibility, and exceptional upside in one of Florida’s most sought-after commercial corridors.
- Neighborhood Commercial (NC) Zoning
- Overseas Highway Frontage
- Excellent Visibility & Signage
- Atlantic Ocean Views
- Originally Permitted as Three Apartments
- Currently Configured as Two Units
- Owner/User or Investment Opportunity
- Live/Work Potential
- Multiple Permitted Commercial Uses
- On-Site Parking
- Prime Islamorada Location
- High Traffic Count
- Potential Value-Add Opportunity (subject to approvals)
Investment highlights
Prime Overseas Highway Frontage
- Outstanding visibility on the Florida Keys’ main commercial corridor with exceptional daily traffic exposure for retail, office, professional services, or mixed-use businesses.
Multiple Income Streams
- Existing residential apartments provide immediate rental income while the commercial space offers additional revenue potential. Opportunity exists to create a third residential apartment (subject to approvals), further enhancing cash flow.
Owner-User Opportunity
- Ideal for an entrepreneur seeking to operate a business while living on-site or generating residential rental income to offset operating expenses.
Flexible Mixed-Use Property
- Rare commercial/residential configuration allows a variety of business and residential uses, making the property attractive to investors, business owners, and those seeking a live-work lifestyle. Public records identify the property as mixed commercial/residential.
Strong Rental Demand
- Residential housing remains in limited supply throughout the Upper Florida Keys, supporting long-term demand for residential rental units.
Exceptional Redevelopment Potential
- Investors can modernize, reposition, or expand the existing improvements to maximize both commercial and residential income potential, subject to Village approvals.
Ocean Views
- Wide-open ocean views create a unique competitive advantage rarely found among commercial properties and significantly enhance the desirability of both residential and commercial spaces.
Strategic Location
- Centrally located in Islamorada near established businesses, resorts, marinas, and residential neighborhoods, attracting both local clientele and the millions of visitors who travel through the Florida Keys each year.
Multiple Exit Strategies
- Suitable as:
- Long-term investment property
- Owner-user business headquarters
- Live/work residence
- Income-producing mixed-use asset
- Future redevelopment opportunity
- Legacy Florida Keys holding
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