$770,000
Marathon, FL 33050
MLS# 578383
Status: Closed
18 beds | 18.1 baths | 877 sqft
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Property Description
Commercial opportunity in the Middle Keys for renovation or redevelopment. Great US1 exposure with commercial/retail space and residential units. 18 market rate building allocations. Zoned MU- Commercial. 6 separate buildings: 4 apartment buildings with 4 apartments each, 1 building on US1 with retail space and 2 studio efficiencies and 1 maintenance building at rear of property. 18 residential units total. Vacant property, has not been inhabited since 2015.
Details
Maps
Contract Information
Current Price: $770,000
Listing Date: 2018-01-23
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $770,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 1655
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Parrish Sub (48.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Style: Residential Income
Lot SqFt: 18685
Waterfront: No
Building SqFt: 11005
SqFt Source: Tax Records
Living Apx SqFt: 877
Year Built: 1954
Total Bedrooms: 18
Full Baths: 18
Half Baths: 1
Total Baths: 18.1
Status Change Info
Under Contract Date: 2018-03-22
Leased Date: 2018-08-17
Leased Price Monthly: $770,000
Sold Comments: 18 Market Rate Building Rights did not convey
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Property Info
# Kitchens: 18
# Efficiencies: 2
1 Bed/Bath: 8
2 Bed/Bath: 8
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Type: Apartment 3 or more
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Utilities: FKAA; Municipal Sewer
Appliances: No Appliances
Miscellaneous: Pool
Construction: CBS
Roof: Combo Roof; Tile Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Buyer Obtain Finance
Title: Negotiable
Property Rights: Transfer Bldg Rights
Listing Office: Ocean Sotheby's International
Last Updated: December - 03 - 2025
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