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Listed price in listed location currency (USD).
$6,995,000

Added 10 months ago

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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes $15,880
Days Active 298
Lot Size 
Approx. Age 
MLS® Number 611386

Property Address: 81910 &Amp; 81908 Overseas Highway, Upper Matecumbe Key Islamorada, Florida

Average square foot calculated using Size range provided by listing agent.

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, general store with package sales, and much more.The property spans 30, 415 sqft. Includes a Bayfront boat basin, providing dockage for up to 7 vessels and there is adequate depth 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.***
MLS® Number611386
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

81910 &Amp; 81908 Overseas Highway, Upper Matecumbe Key Islamorada, FL

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