7435 Overseas Highway , FL - MARATHON
4 Beds, 2 Baths (full), Commercial
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 youre 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.
Listing Summary for 7435 Overseas Highway
Price:
$2,450,000
Bedrooms:
4
Bathrooms:
2
Half Baths:
n/a
Square Footage:
2,396
Lot Sq. Ft.:
70,233
Year Built:
n/a
Property Type:
Commercial
Sub-Type:
Commercial
MLS® #:
612249
Status:
Active
Address:
7435 Overseas Highway
City:
Marathon
State:
FL
Zip:
33050
County:
Monroe
Key:
Marathon
Side of Island:
Ocean
Community:
Paraiso Estate
Mile Marker:
51.00
Tax Year:
2023
Date Listed:
11-14-2024
Additional Information
Is Waterfront:
No
Waterfront Type:
n/a
View
n/a
Has Pool:
n/a
Pool Info:
n/a
Short Sale:
No
Foreclosure:
No
Pets:
n/a
Docakge Type:
n/a
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
n/a
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The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (612249) is provided courtesy of (Berkshire Hathaway Knight & Gardner). Data last updated on 12-23-2024.
