5800 Overseas HwyMarathon, FL 33050

Property Details for 5800 Overseas Hwy

Year built

1987

Lot size

4.63 AC

Property size (Sq ft)

2,901 SF

Property type

Retail properties

Property subtype

Retail space

APN

00103770-000110

APU

103770000110

Description

This exceptional commercial property, located at 5800 Overseas Highway Unit 33 in Marathon, Florida, presents a fantastic opportunity for a variety of businesses. Boasting over 1,400 square feet of recently renovated office space, this property is ideally suited for a range of professional uses. The modern updates make it move-in ready, eliminating the need for costly renovations. Its prime location in the vibrant Marathon area offers excellent visibility and accessibility, ensuring a strong presence within the community. The seller is open to considering lease options, providing flexibility for potential buyers. This versatile space is perfect for a medical practice (such as a doctor's office), real estate agency, or other professional services. The property is situated on a 0-acre lot, offering convenient access and minimal exterior maintenance. The asking price is $479,000. Serious inquiries are encouraged to explore this exceptional commercial property and its potential. Don't miss this chance to acquire a well-maintained, ready-to-occupy office space in a desirable location. Contact us today to schedule a viewing and discuss the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,146,056

  6.5%

  $2,904,052

  7%

  $2,696,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,434,234

  Geo Method

  $2,434,234

• Alternative Use

  Use

  Valuation

  Residential

  $2,449,676

  Hospitality

  $2,243,890

  Educational

  $1,866,890

  Medical

  $1,931,096

  Retail

  $2,904,052

Location Insight

City

Marathon

County

Monroe

State

Florida

Latitude

24.7181

Longitude

-81.073

CBSA code

28580

CBSA name

KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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