Property
| Ownership: | Commercial |
|---|---|
| Type: | Retail |
| Area: | 5940 sq ft |
Financials
Price:$4,750,000
Listing Courtesy of Coldwell Banker Schmitt RE Co
Exceptional Islamorada, Florida Keys commercial investment opportunity.
Description
Exceptional Islamorada, Florida Keys commercial investment opportunity. Established national retailer, West Marine, occupies the property under a long-term lease with renewal options, delivering a consistent and reliable 6.08% cap rate.The 9,990 SF building, constructed in 2018, is situated on a 30,000 SF parcel with US-1 frontage in the heart of downtown Islamorada. Site features include 32 on-site parking spaces, Village Center zoning, and excellent highway visibility.This is a rare opportunity to acquire a stable, income producing investment property in one of the most constrained commercial markets in the Florida Keys
Unbranded Virtual Tour: https://tours.keyspropertyvisuals.com/cvtnb/360661
Unbranded Virtual Tour: https://tours.keyspropertyvisuals.com/cvtnb/360661
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
