Known as “The Pulse of Islamorada,” the iconic restaurant and cabana bar at 96 Madeira Road on Upper Matecumbe Key is offered for sale with the real estate and the business included, at $18,000,000. The property spans over 1,000 feet of bayfront and 500 feet of highway frontage on more than 5 acres of real estate (survey available), and it is voted Best Sunset year after year.
The business features a full-service bar with a 5-COP liquor license, a 250-seat outdoor restaurant, a private party and tournament hosting area, a main kitchen, a special event tiki bar, dockage, a beach, and a boat ramp. A new parking lot, lighting, and drainage were completed in 2020, and a concrete building built in 2015/2016 houses a gift shop, bathrooms, laundry, prep kitchen, and storage. The propoerty shows zoning of HC (Highway Commercial) and parking for 200+ vehicles.
The sale includes four potential on-site building rights and two boat slips in the adjacent Islamorada Yacht Basin, with room for expansion; seller financing is possible. The listing requires an NDA and proof of funds, with financials available on request.
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