$1147.75 Per Sq Foot $14,763 est/mo Sourced by Back At You

7537 Overseas Highway,Marathon, FL 33050

Marathon FL, 33050

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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.

Details

MLS#607585
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1991
Days On Site140
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Joshua Mothner

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet2,396
Units2
Building(s)1
ZoningMU - Mixed Use
Acreage1.63

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

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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StateFL
CountyMonroe
CityMarathon
Zip Code33050
Area16 Sombrero Bch Rd to Vaca Cut Oceanside
Community NameParaiso Estate (51.0)
Listing VS Median (in Paraiso Estate (51.0))
Price:
$2,750,000
low | high
Med:
$3,500,000
22.727272727273% of Average
SqFt:
2,396
low | high
Med:
6,750
100% of Average
$ / SqFt:
$1,148
low | high
Med:
$519
100% of Average
On Site:
140
low | high
Med:
390.000000
35.897435897436% of Average
Sourced by Back At You
Listing Updated: April 12, 2024 at 12:02:28 AM PDT