$1,800,000
Upper Matecumbe Key Islamorada, FL 33036
MLS# 616246
Status: Closed
4 baths | 4942 sqft
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Property Description
Prime Commercial Opportunity in Islamorada! A rare find in the heart of Islamorada. This iconic restaurant property offers exceptional visibility along the world-famous Overseas Highway. Perfectly positioned on the corner of Overseas Highway and Blackwood Drive, this site has excellent traffic exposure, strong curb appeal, and convenient access for both locals and visitors traveling through the Florida Keys. Close proximity to multiple resorts, shopping, and the Morada Way Art District. The building totals 4,942 square feet situated on a 16,746 square feet lot, with ample customer and employee parking available in the front, side, and rear of the property with a 160 seat restaurant and a 5COP liquor license. Zoned Village Center (VC), the site offers tremendous flexibility for a wide range of commercial uses and is located in desirable X flood zone. Currently home to the Islamorada Shrimp Shack, a local staple and internationally recognized restaurant featured on Food Network's ''Diners, Drive-Ins, and Dives'' with Guy Fieri, the property presents a truly unique opportunity. Whether you're looking to continue a restaurant tradition in a turnkey setting or redevelop into a new commercial concept, this property provides a strong foundation for growth.
Details
Maps
Contract Information
Current Price: $1,800,000
Listing Date: 2025-08-23
Listing Board: Florida Keys
Leased Price Monthly: $1,800,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 81901
Street Name: Overseas
Street Suffix: Highway
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
Subdivision: Strattons (82.5)
County: Monroe
Area: 23 - Upper Matecumbe
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 167 x 100
Lot SqFt: 16746
Waterfront: No
Building SqFt: 4942
SqFt Source: Tax Records
Living Apx SqFt: 4942
Year Built: 1947
Half Baths: 4
Total Baths: 4
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2026-06-10
Leased Date: 2026-06-11
Leased Price Monthly: $1,800,000
Status: Closed
Property Features
License Info: Other/See Remarks
Type: Restaurant; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Utilities: FKAA
Appliances: Range; Refrigerator
Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Storage
Construction: CBS; Combo Construction
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: August - 31 - 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.