38 Coco Plum Drive, Marathon, FL 33050

$4,950,000
Property Type: Commercial Sale Baths: 1 Square Footage: 5,439 Lot Size (sq. ft.): 30,000 Status: Contingent
Current Price: $4,950,000 List Date: 5/09/2025 Last Modified: 1/08/2026

Description

Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300' on Coco Plum Dr and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality. Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property. Parcel IDs include: 00362930, 00362940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys.

More Information MLS# 614960

Contract Information

Current Price: $4,950,000 Listing Date: 2025-05-09 Listing Board: Florida Keys List Price: $4,950,000 Limited Representation: No For Sale/Lease: For Sale Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 38 Street Name: Coco Plum Street Suffix: Drive Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Coco Plum Beach (54.5) County: Monroe Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 300 x 100 Lot SqFt: 30000 Waterfront: Yes Control Depth: 5 # Stories: 1 Total # Buildings: 1 Building SqFt: 5439 SqFt Source: Tax Records Living Apx SqFt: 5439 Year Built: 1994 Full Baths: 1 Total Baths: 1

Status Change Info

Contingent: Contingent Status: Contingent

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Property Info

# Boat Slips: 18

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Type: Boat Care; Boat Sales/Service; Marina; Other Services Waterfront: Open Water Waterview: Open Water View Dockage: Other Dockage Heating: Other Utilities: Municipal Sewer Appliances: Refrigerator Miscellaneous: High Visibility; Highway Frontage; Loading Dock; Open Water View; Storage Construction: CBS Floor: Concrete Roof: Concrete Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: January - 08 - 2026
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