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  • 105 Palm Avenue, Upper Matecumbe Key Islamorada, FL 33036 (MLS# 618814)

105 Palm Avenue, Upper Matecumbe Key Islamorada, FL 33036

New Listing
$4,600,000
Property Type: Commercial Sale Bedrooms: 1 Baths: 4 Lot Size (sq. ft.): 9,225 Status: Active
Current Price: $4,600,000 List Date: 2/25/2026 Last Modified: 2/25/2026

Description

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. Its central location within the Village of Islamorada provides strong access to both local residents and year-round visitor activity, 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 interior opens into a flexible main area that can function as a reception space, retail floor, open office environment, or showroom. 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 and tourism-driven demand enhance the long-term appeal of this location. With limited standalone commercial inventory available in the Upper Keys, 81579 Old Highway offers a unique setting for multiple uses within walking distance to Cheeca Lodge, The Moorings, and Worl Wide Sportsman. Totally renovated in 2019. Virtual tour www.166bayviewdrive,com

More Information MLS# 618814

Contract Information

Listing Board: Florida Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $4,600,000 Listing Date: 2026-02-10 List Price: $4,600,000

Location, Tax & Legal

City: ISLAMORADA Mile Marker: 81.5 Marathon Neighborhood: N/A Side: Ocean Alternate Key #: 1491144 Parcel #: 00398750-000000 Zoning: HC - Highway Commercial Legal: BK 10 LT 15 & ADJ 16' STRIP OF LAND LYING NW OF LOT 15 GROVE PARK ADDTN PB1-196 UPPER MATECUMBE G5-231..... Taxes: 17206 Tax Year: 2025 Street #: 105 Street Name: Palm Street Suffix: Avenue Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Grove Park (81.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 9225 Lot SqFt: 9225 # Parking Spaces: 14 # Stories: 1 Building Ht. Ft.: 20 SqFt Source: Tax Records Total # Buildings: 3 Building SqFt: 2965 Style: Commercial Year Built: 1951 Total Bedrooms: 1 Full Baths: 1 Half Baths: 3 Total Baths: 4

Remarks & Misc

Remarks – Consumer: 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. Its central location within the Village of Islamorada provides strong access to both local residents and year-round visitor activity, 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 interior opens into a flexible main area that can function as a reception space, retail floor, open office environment, or showroom. 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 and tourism-driven demand enhance the long-term appeal of this location. With limited standalone commercial inventory available in the Upper Keys, 81579 Old Highway offers a unique setting for multiple uses within walking distance to Cheeca Lodge, The Moorings, and Worl Wide Sportsman. Totally renovated in 2019. Virtual tour www.166bayviewdrive,com Directions: Located on Old Highway and visible from Overseas Highway at MM 81.5

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Office Buildings: 1 Retail: 1 Other Services: 1

Fee Includes

Other: 1

Misc Property Info

Recorded Plat: Yes

Dockage

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Cooling

Central Air: 1 Wall/Window Unit(s): 1

Heating

Heat Pump: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Construction

CBS: 1 Combo Construction: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Title

Title Ins - Buyer: 1

Miscellaneous

Fencing: 1 Handicap Access: 1 High Traffc Location: 1 Highway Frontage: 1 Residence on Premise: 1

Roof

Combo Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Deed Restrictions: No Type: Office Buildings; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: None Cooling: Central Air; Wall/Window Unit(s) Heating: Heat Pump Utilities: Buyer to Verify; FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; Handicap Access; High Traffc Location; Highway Frontage; Residence on Premise Construction: CBS; Combo Construction Floor: Tile Roof: Combo Roof Land Size: Less Than 1/4 Acre Fee Includes: Other Title: Title Ins - Buyer
Listing Office: Paradise Florida Keys Real Estate, a Luxury Brand
Last Updated: February - 25 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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