7435 Overseas Highway , MARATHON, FL 33050
MARATHON, FL 33050
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.
Details
| MLS# | 612249 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 62 |
| Listing Provided By | Berkshire Hathaway Knight & Gardner | Team Gardner/Langley |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,396 |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | MU - Mixed Use |
| Acreage | 1.61 |
| Property View | No Waterview |
Market Activity 33050
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 16 Sombrero Bch Rd to Vaca Cut Oceanside |
| Community Name | Paraiso Estate (51.0) |
| Listing VS Median (in Paraiso Estate (51.0)) | |
Price: $2,450,000 low | high Med: $1,623,500 SqFt: 2,396 low | high Med: 1,814 $ / SqFt: $1,023 low | high Med: $835 On Site: 62 low | high Med: 117.000000 | |