11215 Overseas HwyMarathon, FL 33050

Property Details for 11215 Overseas Hwy

Year built

1983

Lot size

0.11 AC

Property size (Sq ft)

2,256 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

00345160-000000

APU

345160000000

Description

This exceptional Marathon, Florida property at 11215 Overseas Highway offers a unique blend of commercial and residential opportunities. Boasting 2,256 square feet, the property includes a 1410+ square foot commercial space on the first floor, perfect for various uses. A significant advantage is the existing marina operating permit, along with 50 feet of dockage providing quick ocean access. Adding to the income potential is a billboard lease and a fully furnished, two-bedroom, two-bathroom residence with balconies and stunning water views, easily adaptable for weekly rentals. The property allows two permanent live-aboards, enhancing its versatility. Located on US 1, across from a new Circle K, it benefits from high visibility and ample parking. This mixed-use property presents an unparalleled chance to live and work in paradise, with the potential for substantial returns. The asking price is $1,150,000. The property is zoned for commercial and industrial use and is situated in Monroe County, Florida, zip code 33050.

• CAP approach

  CAP return

  Valuation

  6%

  $2,063,821

  6.5%

  $1,905,065

  7%

  $1,768,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,164,377

  Geo Method

  $1,164,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,905,065

  Hospitality

  $1,745,030

  Educational

  $1,451,844

  Medical

  $1,501,775

  Retail

  $2,258,424

Location Insight

City

Marathon

County

Monroe

State

Florida

Latitude

24.729

Longitude

-81.0345

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].