7
See all 7 photos
Listed by Team Gardner/Langley • Berkshire Hathaway Knight & Gardner
$2,450,000
Est. payment /mo
4 BD
2 BA
2,396 SqFt
New
7435 Overseas HWY Marathon, FL 33050
In-PersonVirtual Tour
UPDATED:
11/14/2024 11:14 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,396 sqft
Price per Sqft $1,022
Subdivision Paraiso Estate (51.0)
MLS Listing ID 612249
Bedrooms 4
Full Baths 2
Year Built 1991
Annual Tax Amount $23,601
Tax Year 2023
Property 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.
Location
State FL
County Monroe
Area 16 - Sombrero Bch Rd To Vaca Cut - Oceanside
Zoning MU - Mixed Use Commercial Mixed Use
Exterior
Utilities Available FKAA, Municipal Sewer
Waterfront Description No
Building
Story 2.0
Others
Miscellaneous Chickee Hut,Highway Frontage,High Traffc Location
GET MORE INFORMATION
ORLANDO AND SURROUNDING AREAS QUICK SEARCH