4000 Overseas Highway, Marathon, FL 33050

$1,500,000
Property Type: Vacant Land Lot Size (sq. ft.): 38,000 Status: Closed
Current Price: $1,500,000 List Date: 5/02/2024 Last Modified: 10/18/2024

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.

More Information MLS# 606932

Contract Information

Current Price: $1,500,000 Listing Date: 2023-10-07 Listing Board: Marathon/Lower Keys Sold Price: $1,500,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 4000 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Marathon Beach (49.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Vacant Land Waterfront: No Lot Dimensions: 200' x 190' Lot SqFt: 38000 Lot Sqft Source: Property Data Card Survey Available: Yes

Status Change Info

Sold Date: 2024-10-17 Sold Price: $1,500,000 Sold Comments: Congratulations to my Sellers and Buyer! Status: Closed

Miscellaneous Info

Mobile Home Lot: No

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Tax Exemptions: None Waterfront: None Dockage: None Waterview: No Waterview Existing Utilities: Electric on Site; Sewer; Water Line; Water Meter Land Size: 1/2 - Less Than 1 AC Terms: Buyer Obtain Finance; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: October - 18 - 2024
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