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7537 Overseas Highway

Marathon, FL 33050
  • $2,750,000
  • STATUS: Active
  • ON SITE: 205 Days
  • MLS #: 607585
UPDATED: 117 min ago
$2,750,000
  • 4
    BEDS
  • 1.63
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,396
    SQFT
  • $1,148
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Description

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 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 traffic. This large parcel provides multiple development opportunities.

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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 Caroline Bauer | Key West Sales, LLC are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestsales.com/homes/145531421
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7537 Overseas Highway Marathon, FL 33050

  • Price: $2,750,000
  • Status: Active
  • On Site: 205 Days
  • Updated: 117 min ago
  • MLS #: 607585
4
Beds
2
Baths
0
½ Baths
1.63
Acres
2,396
SQFT
$1,148
$/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 the Middle Keys. 1.64 acres directly on US 1 with one building containing 2,396 net leasable area and 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 traffic. This large parcel provides multiple development opportunities.
Exterior Features

Construction Combo ConstructionSteel Reinforced Dockage None Land Size 1 Less Than 2 Acres Lot Size Irregular Miscellaneous Chickee HutHighway FrontageHigh VisibilityHigh Traffc Location Off Street Parking yes Parking Spaces multiple Side Ocean Style Commercial Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances Cooling Heating Wall/Window Unit(s) Kitchens 2 Net Leasable Area 2396.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City MARATHON Commercial Type Office BuildingsShop/Strip CenterRetailRestaurantProfessional ServiceOther Comrcl Style Control Depth 0 Deed Restrictions Unknown Electric Meters 4 Fee Includes None Fema List Yes Flood Zone AE Legal TRACT A PARAISO ESTATES PB5-2 KEY VACA Listing Board Marathon/Lower Keys Mile Marker 51.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Tax Year 2023 Taxes 23601.62 Total Units 2.00 Utilities Buyer to VerifySeparate MetersMunicipal SewerFKAA Zoning MU - Mixed Use Commercial Mixed Use

Listing courtesy of Joshua Mothner of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


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 Caroline Bauer | Key West Sales, LLC are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Caroline Bauer | Key West Sales, LLC
22 Allamanda Avenue
Key West FL, 33040