Marathon, FL 33050

$4,900,000
Property Type: Commercial Sale Bedrooms: 4 Baths: 4 Lot Size (sq. ft.): 160,800 Status: Active
Current Price: $4,900,000 List Date: 5/21/2025 Last Modified: 11/21/2025

Description

Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights. Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business. Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.

More Information MLS# 615112

Contract Information

Current Price: $4,900,000 Listing Date: 2025-05-21 Listing Board: Marathon/Lower Keys List Price: $4,900,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Driftwood Estates (54.0) County: Monroe Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 670 x 240 Lot SqFt: 160800 Waterfront: Yes Control Depth: 6 Total # Buildings: 3 SqFt Source: Property Data Card Year Built: 1950 Total Bedrooms: 4 Full Baths: 4 Total Baths: 4

Status Change Info

Status: Active

License Info

# of City License: 4

Association Info

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

Property Info

# Kitchens: 4 # Efficiencies: 2

Dockage

Dock: Wood Dock Length: 150 Dock Permit: Yes

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: Unknown Type: Boat Care; Boat Sales/Service; Marina; Other Comrcl Style Waterfront: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Vehicle Storage: Common Parking; Guest Parking; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters; Sewer Available Appliances: Range; Refrigerator Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Residence on Premise Construction: Concrete Roof: Combo Roof; Concrete Roof; Other Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Title: Negotiable Property Rights: Multi-Use/Commercial; Transfer Bldg Rights
Listing Office: Engel & Völkers Marathon
Last Updated: November - 21 - 2025
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