4000 Overseas Hwy, Marathon, FL 33050

$1,500,000

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Sold Price
$1,500,000
List Price
$1,800,000
Closing Date
Oct 17, 2024
MLS#
606932
Status
CLOSED
Island
Marathon
County
Monroe
City
Marathon
Area
7 Mile Bridge to Sombrero Bch Rd E & W
Subdivision
Marathon Beach (49.0)
Neighborhood
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Acres
0.87
Days on Market
168

Property Description

This incredible elevated 38,000 sq. ft. corner property with 200 feet of Overseas Highway frontage is zoned mixed use and can accommodate numerous development opportunities. The lot is enclosed with fill, a CBS retaining wall, and topped with a CBS fence. This unique large lot provides plenty of height and space to add offices or other buildings with adequate parking area. The lot was filled and graded to provide protection from rising water levels. A 2016 Elevation Certificate showed the Flood Zone as AE 8 and the lowest adjacent finish grade next to the building in back of the lot to be at 8.1 ft. After Hurricane Irma in 2017 the lot had only 3 palm fronds to remove. The lot includes most of the right-of-way along Overseas Highway which helps in getting approval for a second entrance on Overseas Highway, if needed. (Contact the City of Marathon for details.) Remember commercial buildings do not require TBR's, and the City of Marathon has commercial sq. ft. space available. The 850 sq. ft. office situated toward the back of the lot should enhance any business you are planning. Added features of the office include two office spaces, break room, storage area, 1 ½ baths, generator with 2000-gallon propane tank, handicap ramp and parking area. There is a second water meter for irrigation. Call today for a showing to see this spacious mixed-use property. Please do not walk the property without the listing agent.

Additional Information

Taxes
$6,087
Zoning
MU - Mixed Use Commercial Mixed Use

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Listing Courtesy Of Coldwell Banker Schmitt Real Estate Co., Contact: 305-743-5181

Selling Office: .