105 PALM AVE., Islamorada, FL 33036 — MLS photo

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105 PALM AVE., Islamorada, FL 33036

Active · Commercial

$4,600,000

105 PALM AVE., Islamorada, FL 33036

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1951
Lot size
—
HOA fee
—
Annual tax
$17,206

About this property

This is an exceptionally rare chance to secure a versatile mixed use commercial property in Islamorada's most established business corridors. With prominent highway frontage, excellent visibility, and steady traffic exposure, theses three building are ideally positioned for a wide range of commercial uses. making it an appealing option for investors and owner-operators. The building features a practical, adaptable layout suitable for professional offices, medical or wellness services, boutique retail, administrative operations, or specialty businesses. Large front-facing windows bring in natural light and enhance street presence, creating an inviting entry point for customers and clients. The footprint also supports the creation of private offices, treatment rooms, or storage areas, allowing businesses to tailor the space to their operational needs. On-site parking adds significant value, providing convenient access for customers and employees--an important advantage in Islamorada's commercial zones. Excellent signage opportunities ensure strong brand exposure. Easy ingress and egress make the location suitable for both destination-based and walk-in business models. Surrounded by established businesses, restaurants, marinas, and residential neighborhoods, the property benefits from a diverse and active customer base. Islamorada's strong local economy enhances the long-term appeal of this location. Totally renovated in 2019. Business is not part of thr sale.

Property location

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105 PALM AVE., Islamorada, FL 33036

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Facts & features

Interior

Bathrooms
0
Flooring
Tile
Cooling
Central Air
Heating
Heat Pump

Exterior & Structure

Property type
Commercial
Year built
1951
Roof
Other
Construction
Block
Exterior features
Security High Impact Doors

Parking

Covered spaces
0
Parking features
Free Parking

HOA, Community & Financials

Security
Smoke Detectors
Annual tax
$17,206
County
Monroe
Days on market
39
MLS listing ID
A11973593
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,154

Cap rate
4.9%
Net yield
4.9%
Cash-on-cash return
-2.9%
Gross yield
6.6%
Mortgage payment
$21,806/mo
Down payment
$1,150,000
Loan amount
$3,450,000
Annual NOI
$223,834

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.