$1,700,000
Marathon, FL 33050
MLS# 617835
Status: Closed
3 beds | 6 baths | 4858 sqft
1 / 80
Property Description
Exceptional opportunity to acquire a stabilized, fully leased multi-tenant commercial property in the heart of Marathon. Strategically positioned along US-1, this two-story 4,858 SF concrete building offers outstanding visibility, strong traffic counts, and reliable income from a diverse tenant mix. The property consists of three (3) commercial retail/office units on the ground floor and three (3) residential apartments on the second floor, providing a balanced combination of commercial and residential income streams. With long-term tenants in place, this asset delivers immediate cash flow and minimal vacancy risk. Situated on a 10,465 SF (0.24-acre) parcel, the site includes 5,586 SF of asphalt parking, supporting both tenant and customer convenience. The property is surrounded by strong commercial activity including restaurants, marinas, retail centers, and medical facilities, ensuring consistent demand.
Details
Maps
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: No
Potential Short Sale: No
Bank Owned: No
Current Price: $1,700,000
Listing Date: 2025-12-26
Sold Price: $1,700,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 50.5
Marathon Neighborhood: Mid-Town - Ocean (Sombrero to 71st)
Side: Ocean
Flood Zone: AE,AE
Alternate Key #: 1416495
Parcel #: 00338860-000000
Add'l Parcel #2: 1416495
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: SEA CREST KEY VACA PB2-144 N'LY 125 FT LOT 1 BK 1 OR643-743 OR2554-2395/96
Taxes: 10389.76
Tax Year: 2025
Street #: 6799
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Sea Crest (50.5)
County: Monroe
Area: 16 - Sombrero Bch Rd to Vaca Cut - Oceanside
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 100 x 125 x 100 x 94.36
Lot SqFt: 10465
Total Units: 6
# Stories: 2
SqFt Source: Tax Records
Total # Buildings: 1
Building SqFt: 4858
Style: Commercial
Living Apx SqFt: 4858
Year Built: 1987
Total Bedrooms: 3
Full Baths: 5
Half Baths: 1
Total Baths: 6
Remarks & Misc
Remarks – Consumer: Exceptional opportunity to acquire a stabilized, fully leased multi-tenant commercial property in the heart of Marathon. Strategically positioned along US-1, this two-story 4,858 SF concrete building offers outstanding visibility, strong traffic counts, and reliable income from a diverse tenant mix. The property consists of three (3) commercial retail/office units on the ground floor and three (3) residential apartments on the second floor, providing a balanced combination of commercial and residential income streams. With long-term tenants in place, this asset delivers immediate cash flow and minimal vacancy risk. Situated on a 10,465 SF (0.24-acre) parcel, the site includes 5,586 SF of asphalt parking, supporting both tenant and customer convenience. The property is surrounded by strong commercial activity including restaurants, marinas, retail centers, and medical facilities, ensuring consistent demand.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Apartment 3 or more: 1
Office Buildings: 1
Retail: 1
Shop/Strip Center: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Range: 1
Refrigerator: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
None: 1
Electric
Circuit Breakers: 1
Waterview
No Waterview: 1
Vehicle Storage
Assigned Parking: 1
Common Parking: 1
Construction
CBS: 1
Land Size
1/4 - 1/2 Acre: 1
Terms
Seller Finance Psble: 1
Utilities
FKAA: 1
Separate Meters: 1
Septic Tank: 1
Property Rights
Multi-Use/Commercial: 1
Other/See Remarks: 1
Miscellaneous
Elevator: 1
Handicap Access: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Residence on Premise: 1
Storage: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2025-12-30
Sold Price: $1,700,000
Status: Closed
Property Features
Deed Restrictions: No
Type: Apartment 3 or more; Office Buildings; Retail; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Assigned Parking; Common Parking
Cooling: Ceiling Fans(s); Central Air
Utilities: FKAA; Separate Meters; Septic Tank
Appliances: Range; Refrigerator
Miscellaneous: Elevator; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Residence on Premise; Storage
Construction: CBS
Electric: Circuit Breakers
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Seller Finance Psble
Property Rights: Multi-Use/Commercial; Other/See Remarks
Listing Office: RE/MAX All Keys Real Estate
Last Updated: December - 30 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.