Active
7537 Overseas Highway
Marathon FL, 33050
$2,300,000
$340.74 per sqft
Active
4 Beds
2 Baths
6,750 sqft
Commercial
Built in 1991
One of the few large parcels left in the Middle Keys. 1.64 acres directly on US 1 with one building containing 2,396 net leasable area, and vested commercial square footage 4,354 sq ft. 300' + of Highway Frontage. Multiple development possibilities. Property has approx. 4k commercial square feet vested and an existing site plan approval for ten market rate units. Buyer would need to obtain building rights. Affordable Housing density would allow 24 affordable housing units per City Code. Property is being sold with no market rate building rights, however should a purchaser wish, there are 4 market rate building rights currently upon the property and Seller would consider selling some of those existing rights under a separate agreement and price. Property includes 3 curb cuts on US 1 and side street access from 75th Street. Large billboard with excellent visibility for signage. US 1 has median cut for 75th street making this property easily accessible from both Northbound and Southbound lanes of US1. This large parcel provides multiple development opportunities.
610777
MLSⓇ ID
July 15, 2024
Listed
August 23, 2024
Updated
Map
7537 Overseas Highway
Marathon FL, 33050
Interior Features
Bedrooms
4
Total Bathrooms
2
Full Bathrooms
2
Appliances
No Appliances
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.61 Acres
Lot Features
1 Less Than 2 Acres
Other Property Details
Area Name
16 - Sombrero Bch Rd to Vaca Cut - Oceanside
Taxes
$23,602
Tax Frequency
Annually
Days on Market
24
Association Amenities
None
Garage
No
Parking
Off Street Parking
View
Yes
View Description
No Waterview
County
Monroe
Pool
No
Zoning
MU - Mixed Use Commercial Mixed Use
Listed by Joshua James Mothner with Coldwell Banker Schmitt Real Estate Co.
Listing Contact:
The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 8/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 8/23/2024 at 2:43 PM UTC