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7537 Overseas Highway

Marathon, FL 33050
  • $3,900,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 600915
UPDATED: 39 min ago
$3,900,000
  • 2
    BEDS
  • 1.61
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 6,750
    SQFT
  • $578
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Description

One of the few large parcels left in Marathon at 1.61 Acres. Multiple Development Opportunities, including multifamily, Mixed use Commercial, and more. Perfect location next to Rotary Children's Park with plenty of parking. Conditional Use Approval from the City of Marathon for up to 10 residential units along with commercial space in the heart of Marathon. Property currently entitled with 4 Market Rate Rights only 3 of which will convey. To construct 10 units building rights would need to be purchased. 302 linear feet on US 1 with three existing curb cuts. Corner lot with approved ingress/egress from side street (75th Street) as well as median cut allowing for access from southbound traffic as well as northbound. Large signage approved by City of Marathon with permission to remain per seller.

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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 Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/128470695
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7537 Overseas Highway Marathon, FL 33050

  • Price: $3,900,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 39 min ago
  • MLS #: 600915
2
Beds
2
Baths
2
½ Baths
1.61
Acres
6,750
SQFT
$578
$/SQFT
1991
Built
Neighborhood:
Paraiso Estate (51.0)
County:
Monroe
Area:
16 - Sombrero Bch Rd To Vaca Cut - Oceanside
Property Description
One of the few large parcels left in Marathon at 1.61 Acres. Multiple Development Opportunities, including multifamily, Mixed use Commercial, and more. Perfect location next to Rotary Children's Park with plenty of parking. Conditional Use Approval from the City of Marathon for up to 10 residential units along with commercial space in the heart of Marathon. Property currently entitled with 4 Market Rate Rights only 3 of which will convey. To construct 10 units building rights would need to be purchased. 302 linear feet on US 1 with three existing curb cuts. Corner lot with approved ingress/egress from side street (75th Street) as well as median cut allowing for access from southbound traffic as well as northbound. Large signage approved by City of Marathon with permission to remain per seller.
Exterior Features

Construction Combo ConstructionFrame Dockage None Land Size 1 Less Than 2 Acres Lot Size Multiple Side Measurements Miscellaneous Chickee HutElevatorHandicap AccessHigh Traffc LocationHighway FrontageOther Miscellaneous Off Street Parking Yes Side Ocean Style Commercial Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances Appliances Other Yes Cooling Heating Central A/C Net Leasable Area 4354.00 Windows Doors French Doors

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 MoreFranchiseOther Comrcl StyleRestaurantRetail Control Depth 0 Deed Restrictions Unknown Electric Meters 4 Fee Includes None Fema List Yes Flood Zone Ae6 Legal Tract A Paraiso Estates Pb5-2 Key Vaca Listing Board Marathon/Lower Keys Mile Marker 51.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2021 Taxes 24541.06 Terms Seller Finance Psble Total Units 0.00 Utilities FkaaMunicipal Sewer Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Joshua Mothner of Coldwell Banker Schmitt Real Estate Co..


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 Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
94 Seaside North Ct.
Key West FL, 33040