Luxury Islamorada Mixed-Use Building | 3,000 SF with US-1 Frontage & Executive Apartment

87847 Overseas Hwy Islamorada, FL 33036

87847 Overseas Hwy, Islamorada, FL, 33036
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,899,000
Last Verified:
Aug 29, 2025

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Description

This luxury commercial property in the heart of Islamorada offers prime US-1 highway frontage with high visibility, dual access to Old Highway, and a large, lit highway sign for maximum exposure. Built in 2015, this 3,000 SF mixed-use building features 1,500 SF of premium commercial space on the ground floor, including a grand reception area, two executive offices, a spacious conference room, a full kitchen, and an ADA-compliant bathroom, making it ideal for medical, legal, real estate, or executive office use. The 1,500 SF second-floor residential unit includes two bedrooms, two bathrooms, a modern kitchen, and a private balcony, offering luxury accommodations for an owner-user or an excellent rental income opportunity. Never permanently occupied, it remains in brand-new condition with no expenses spared. HC-Highway Commercial zoning allows for flexible use, making this a prime opportunity for a business owner, investor, or real estate professional. This turnkey property has never been leased and has been owner-occupied since completion.

Strategically positioned in the heart of Islamorada at Mile Marker 87.5, this property offers exceptional visibility along U.S. Highway 1 with prominent signage and dual access to both the highway and Old Road. Its prime highway frontage ensures maximum exposure to the steady stream of local traffic and visitors traveling through the Upper Keys. The property is surrounded by professional offices, retail, dining, and community services, placing it within a thriving commercial corridor. Located in a Flood Zone X area, it also provides peace of mind against typical coastal flood risks. With HC – Highway Commercial zoning, the site offers unmatched flexibility for medical, legal, executive, or mixed-use applications in one of the most sought-after business districts in the Keys.


Year Built: 2017
Building Size: 2764sq ft
Building Class: A
Lot Size: 0.14 acres

Map of 87847 Overseas Hwy, Islamorada, FL, 33036

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.