About This Home

This 1-bedroom, 3-bathroom commercial at 105 Palm Avenue in Upper Matecumbe Key Islamorada, FL is listed for $4,600,000. Built in 1951, on a 0.21 acres lot.

Key Features

  • Built in 1951
  • 0.21 acre lot

Property Details

1 story
1 full, 3 half
1951

Amenities

ViewA/C
Listing Description

This is an exceptionally rare chance to secure a versatile mixed use commercial property in Islamorada's most established business corridors. Sale does not include real estate business. These three building and the land 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

Monthly Cost Estimate

$24,602/mo

20% down · 6.5% · 30 years

Principal$3,327
Interest$19,933
Insurance$1,342

Estimates only. Actual payments may vary.

Location

105 Palm Avenue

Upper Matecumbe Key Islamorada, FL 33036

Grove Park (81.5)

Property Details

Flooring

Tile

Construction

CBS Combo Construction

Views

Water

Heating

Heat Pump (Heating)

Cooling

Wall/Window Unit(s)Central AirWindow Unit(s)

Appliances

RefrigeratorRangeWasherDryerDishwasher

Questions & Answers

This 1-bedroom, 3-bathroom commercial at 105 Palm Avenue is listed at $4,600,000. The estimated monthly payment is $24,602 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 0.21 acre lot.

This property is listed by Judy Rossignol.

JR

Judy Rossignol

License 705686

Agent at Realty ONE Group Engage the Keys

Listed by Realty ONE Group Engage the Keys · Broker phone: (305) 393-0523 · Broker website

MLS# 618814· Source: Florida Keys Board of REALTORS®· 262 days on PropertySimple

Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

105 Palm Avenue, Upper Matecumbe Key Islamorada, FL 33036

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