Florida Keys Realty, Inc

Financial Status

Bank Owned

No

Potential Short Sale

No

Remarks & Misc

Remarks – Consumer

Rare Florida Keys mixed-use development opportunity with approx. 124,300 sq. ft. of uplands plus additional bay bottom ownership. Property includes 4 verified building rights with Letter of Site Condition on file. Existing improvements include a duplex and single-family home. Mixed Use (MU) zoning allows for a wide range of future possibilities, including commercial, residential, storage facility, marina-related use, workforce housing, market-rate housing, or potential subdivision into multiple parcels. Current zoning allows up to 6 market-rate units per acre or up to 15 affordable units per acre, buyer to verify per City of Marathon. The property offers approximately 216 feet of highway frontage, plus additional east-side access through an access easement, creating multiple entry points and flexibility for future site planning. A neighboring gas station adds convenience and commercial synergy for future development concepts. A unique feature is the sleeper asset of this property which is ownership/control of bay bottom extending behind approximately 12 lots along Cocoplum Drive, creating potential value tied to dockage, marina concepts, water access, assemblage opportunities, or long-term redevelopment. Deep-water access, good depth, multiple boating configurations, and proximity to the marked channel entrance add to the site's appeal. Large mixed-use tracts with water access and verified building rights are increasingly rare in the Florida Keys, making this a strong opportunity for an investor, developer, marina operator, or long-term land holder. Seller states property will be delivered vacant and free of personal belongings before closing. Buyer to verify zoning, density, building rights, permitted uses, dockage, water depth, access easements, permitting, and development potential.

Directions

From Overseas Hwy/US-1, proceed to MM 54 in Marathon. Use the nearby entrance at 13755 Overseas Hwy to access the property area, then follow through to 13759 Overseas Hwy.

Deed Restrictions

No

Yes

Type

Other Services

Yes

Fee Includes

None

Yes

Appliances

Range

Yes

Refrigerator

Yes

Cooling

Ceiling Fans(s)

Yes

Central Air

Yes

Wall/Window Unit(s)

Yes

Waterfront

Open Water

Yes

Waterview

Ocean View

Yes

Vehicle Storage

Guest Parking

Yes

Off Street Parking

Yes

Construction

CBS

Yes

Land Size

2 Less Than 5 Acres

Yes

Utilities

FKAA

Yes

Municipal Sewer

Yes

Miscellaneous

Fencing

Yes

Property Features