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7435 Overseas Highway

Marathon, FL 33050
  • $2,450,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 612249
UPDATED: 84 min ago
$2,450,000
  • 4
    BEDS
  • 1.61
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,979
    SQFT
  • $822
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Description

Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61-acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high-visibility commercial or mixed-use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market-rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high-profile billboard on-site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed-use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.homesalesfloridakeys.com/homes/157858953
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7435 Overseas Highway Marathon, FL 33050

  • Price: $2,450,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 84 min ago
  • MLS #: 612249
4
Beds
2
Baths
0
½ Baths
1.61
Acres
2,979
SQFT
$822
$/SQFT
1991
Built
Neighborhood:
Paraiso Estate (51.0)
County:
Monroe
Area:
16 - Sombrero Bch Rd To Vaca Cut - Oceanside
Property Description
Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61-acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high-visibility commercial or mixed-use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market-rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high-profile billboard on-site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed-use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.
Exterior Features

Construction Combo Construction Dockage None Land Size 1 Less Than 2 Acres Lot Size Irregular Miscellaneous Chickee HutHighway FrontageHigh Traffc Location Off Street Parking Yes Parking Spaces Multiple Side Ocean Style Commercial Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances Net Leasable Area 2396.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City MARATHON Commercial Type Apartment 3 or moreBarRetailRestaurantOffice BuildingsHotel/Motel Control Depth 0 Electric Three Phase Fee Includes None Fema List Yes Flood Zone AE Legal TRACT A PARAISO ESTATES PB5-2 KEY VACA Listing Board Key West Association Mile Marker 51.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Beverage LicenseTransfer Bldg RightsMulti-Use/Commercial Property Type Commercial Sq Ft Source Tax Records Tax Year 2023 Taxes 23601.00 Utilities FKAAMunicipal Sewer Zoning MU - Mixed Use Commercial Mixed Use

Listing courtesy of Team Gardner/Langley of Berkshire Hathaway Knight & Gardner: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Gamal Riquelme | Sunshine Brokers are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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