12350 Overseas HwyMarathon, FL 33050

Property Details for 12350 Overseas Hwy

Year built

1939

Property size (Sq ft)

1,784 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, located at 12350 Overseas Highway in Marathon, Florida (33050), presents a compelling redevelopment opportunity. The 1,784 square foot building sits on an expansive 8,091 square foot lot, offering significant potential for expansion or repurposing. Currently configured as a multi-tenant property with three tenants generating $2,500 in monthly rental income, this asset provides immediate cash flow. The property boasts prime highway frontage along US-1, ensuring high visibility and accessibility. Built in 1939, the single-story building is zoned for mixed-use commercial (MU) under Monroe County regulations, allowing for a wide range of commercial ventures. The property also includes valuable outside storage space. While currently used as a residence, the zoning permits conversion to a fully commercial operation, unlocking even greater investment potential. Note that a double-sided billboard on the property is not included in the sale. This is an ideal investment for those seeking a high-return opportunity in a desirable Florida location. The property's location, size, and zoning provide a unique blend of immediate income and long-term growth potential.

Location Insight

City

Marathon

County

Monroe

State

Florida

Latitude

24.7316

Longitude

-81.0252

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