Financial Status

Bank Owned

No

Potential Short Sale

No

Remarks & Misc

Remarks – Consumer

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, wedding venue, general store with package sales, and much more. The property spans 30,415 sqft. Includes a Bayfront boat basin plus plans 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 to be accurate***

Directions

MM 82, Bayside

Type

Bar

Yes

Restaurant

Yes

Fee Includes

Other

Yes

Appliances

Refrigerator

Yes

Waterfront

Bay Front

Yes

Open Water

Yes

Waterview

Bay/Gulf View

Yes

Construction

CBS

Yes

Land Size

1/2 - Less Than 1 AC

Yes

Utilities

Buyer to Verify

Yes

FKAA

Yes

Municipal Sewer

Yes

Property Features