$5,750,000
$6,500,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
3,995 SqFt
SOLD DATE : 08/19/2026
Key Details
Sold Price $5,750,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,995 sqft
Price per Sqft $1,439
Subdivision Strattons (82.5)
MLS Listing ID 611387
Sold Date 08/19/26
Half Baths 2
HOA Y/N No
Year Built 1963
Annual Tax Amount $15,880
Tax Year 2023
Lot Size 0.698 Acres
Acres 0.7
Lot Dimensions 100x 288
Property Sub-Type Commercial
Land Area 3995
Property Description
Once in a lifetime investment in the heart of Islamorada. This exceptional property offers a wide range of potential uses as it includes two Village Center parcels stretching from Highway to Bay, currently featuring a spacious 3,995 sqft restaurant and bar with a coveted 5COP liquor license - no food quota.
Village Center zoning allows for multiple use opportunities including, but not limited to, single family estate, multi family compound, luxury townhomes, vacation rentals, restaurants, marinas, wedding venue, general store with package sales, and much more.
The property spans 30,415 sqft. Includes a Bayfront boat basin plus plans for an additional 100' dock to be constructed.
The Village of Islamorada officially recognizes three waterfront market-rate dwelling units . The three waterfront Transferable Development Rights (TDRs) can be utilized onsite, transferred to another location, or sold to a receiver site. The Village Center Zoning would allow up to 8 market-rate dwelling units to be developed on site for a new luxury townhome community, with the transfer in of additional TDRs.
Whether you're looking to rehab a local iconic business, start a new business, redevelop the entire site, or create a spectacular residential estate, this unicorn property is perfectly located. ***Buyer to verify ALL information to be accurate***
Location
State FL
County Monroe
Area 23 - Upper Matecumbe
Zoning VC - Village Center
Direction MM 82, Bayside
Interior
Appliance Refrigerator
Exterior
Utilities Available FKAA, Municipal Sewer, Buyer To Verify
Waterfront Description Bay Front, Open Water
Garage No
Others
HOA Fee Include Other
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