Active
7435 Overseas Highway
Marathon FL, 33050
$2,450,000
$822.42 per sqft
Active
4 Beds
2 Baths
2,979 sqft
Commercial
Built in 1991
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.
612249
MLSⓇ ID
November 14, 2024
Listed
November 15, 2024
Updated
Map
7435 Overseas Highway
Marathon FL, 33050
Interior Features
Total Stories
2
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
$23,601
Tax Frequency
Annually
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 Team Gardner/Langley with Berkshire Hathaway Knight & Gardner
Listing Contact:
The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 11/15/2024. 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.
©2024 Florida Keys Board of REALTORS® all rights reserved.
Data last updated on 11/15/2024 at 12:40 AM UTC