Home » Islamorada » 85960 Overseas Highway 0, Islamorada, FL 33036 | R10954716/RX-10954716

85960 Overseas Highway 0, Islamorada, FL 33036 | Sold

$5,400,000
closed for a price of $4,900,000

Property Highlights

Listing ID R10954716/RX-10954716 Status of this Listing: Closed Sold Property Type Commercial Sale Mixed Use Year Built 1987 Waterfront Time of this property from published date until Closing Date 87 Days
129 Photos of this Property

85960 Overseas Highway 0, Islamorada, FL 33036

Property Description: Family Owned/Never offered prior to 2021-The Strahl Plaza in Islamorada offers Retail, office, and 2 complete penthouse stories of private residential space. Add to this multiple DEP WATER boat slips with new dockage, water and power, this truly checks all boxes. 1st floor is sought after covered parking, 2nd floor offers 5 occupied retail spaces with their own entrance. The 3rd floor housed the homeland security offices until Sept 2021 and is self contained accessible by its own locked off elevator or staircases. Perfectly suited for a medical office space or shared use- 12 offices and 2 full baths with shower facilities. next two levels of your own private living space offering open water views from all angles. Use as a living space for yourself, lease to your management team

Useful Info

Contingency:Other
Original List Price:$5,400,000
Close Price:$4,900,000

Lease Details

Lease Terms Description:Annual Lease,Options Available,Triple Net Lease

Land Lot (Parcel) Details

Lot Size Acres:0

Construction

Construction Materials:
  • Block
Flooring:
  • Carpet
  • Tile
  • Other
  • Concrete
Stories:5

Property Features

Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Navigable Water
  • Fixed Bridge
Security:
  • Smoke Detector(s)
  • Security System
  • Closed Circuit Camera(s)
  • Security Lights
Roof:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$22,181

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Documents Available:
  • Survey
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Term:
  • 12 Months
Tenant Pays:
  • Exterior Electric
  • Water
  • Sewer
Lease Considered:No

Community

Subdivision Name:VENETIAN SHORES NO 1
Complex Name:VENETIAN SHORES NO 1
Senior Community:No

Parking

Covered Spaces:0

Utilities

Utilities Available:
  • Cable Available
  • Electricity Available
  • Other

More Details

Other Information:
Data exchange original Listing Number: RX-10954716

Zoning and Legal

Tax Legal Description:BK 2 LTS 9-10 VENETIAN SHORES PLAT NO 1 AMENDED AND EXTENDED PB3-157 PLANTATION KEY OR109-543 OR474-261 OR889-121 OR938-
Real Estate Folio Number (Parcel Number):00405550000000
Zoning Description:MU

Listing History

Update/EventDate/Days
Published Date:January 29, 2024 3:56 pm
On Market Date:January 29, 2024
Listing Contract Date:January 29, 2024
Contingent Date:March 11, 2024
Close Date:April 25, 2024
Last Important Update Description:Closed
Date and Time of Last Important Update:April 25, 2024 3:11 pm
Status Last Changed:April 25, 2024 12:00 am
Photos Last Modified:January 30, 2024 12:29 am
Last Modified:April 25, 2024 10:53 pm
Days on the Market Reference Date:April 25, 2024
Days on the Market (updated on Last Modified*):42
Cumulative Days on the Market (updated on Last Modified**):42

Additional Information

Lot Size Range:,
Number of Photos Count:129
Area:5940
Ref ID:1059508658
Automated Valuation Display:Yes
Courtesy of:Florida Keys Realty Group
Universal Property Id:US-12087-N-00405550000000-R-N

Location

Show Property Address:Yes
Street Name:Overseas Highway
Street Number:85960
Street Address:85960 Overseas Highway 0
Unit Number:0
City : Islamorada
State : Florida
Zip Code : 33036
County : Monroe County
Full Address:85960 Overseas Highway 0, Islamorada, FL 33036
Latitude:N24° 57' 14.9''
Longitude:W81° 24' 57.1''

Neighborhood

Postal City:Islamorada

Property Map