38 Coco Plum Drive, Marathon, FL 33050
$4,950,000
Property Type:
Commercial Sale
Baths:
1
Square Footage:
5,439
Lot Size (sq. ft.):
30,000
Status:
Contingent
Current Price:
$4,950,000
List Date:
5/09/2025
Last Modified:
1/08/2026
Description
Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300' on Coco Plum Dr and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality.
Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property.
Parcel IDs include: 00362930, 00362940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys.
More Information MLS# 614960
Contract Information
Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $4,950,000
Listing Date: 2025-05-09
List Price: $4,950,000
Location, Tax & Legal
City: MARATHON
Mile Marker: 54.5
Marathon Neighborhood: Coco Plum
Side: Ocean
Flood Zone: AE
Alternate Key #: 1445011
Parcel #: 00362930-000000
Zoning: MU - M - Mixed Use - Maritime
Legal: BK 1 LT 14 COCO PLUM BEACH PB4-166 FAT DEER KEY OR580-134 OR584-174 OR2799-1322/23ORD OR2842-1508/09 OR2956-1161 OR2956
Taxes: 22621.34
Tax Year: 2025
Street #: 38
Street Name: Coco Plum
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Coco Plum Beach (54.5)
County: Monroe
Area: 18 - East of Holiday Inn US #1 & Coco Plum
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: 300 x 100
Lot SqFt: 30000
# Stories: 1
SqFt Source: Tax Records
Total # Buildings: 1
Building SqFt: 5439
Style: Commercial
Living Apx SqFt: 5439
Year Built: 1994
Full Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300' on Coco Plum Dr and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality.
Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property.
Parcel IDs include: 00362930, 00362940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys.
Directions: Rt1/ Overseas Hwy to Coco Plum
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Boat Care: 1
Boat Sales/Service: 1
Marina: 1
Other Services: 1
Fee Includes
None: 1
Dockage
Other Dockage: 1
Appliances
Refrigerator: 1
Property Info
# Boat Slips: 18
Heating
Other: 1
Waterfront
Open Water: 1
Waterview
Open Water View: 1
Floor
Concrete: 1
Construction
CBS: 1
Land Size
1/2 - Less Than 1 AC: 1
Utilities
Municipal Sewer: 1
Miscellaneous
High Visibility: 1
Highway Frontage: 1
Loading Dock: 1
Open Water View: 1
Storage: 1
Roof
Concrete Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Contingent: Contingent
Status: Contingent
Property Features
Type: Boat Care; Boat Sales/Service; Marina; Other Services
Waterfront: Open Water
Waterview: Open Water View
Dockage: Other Dockage
Heating: Other
Utilities: Municipal Sewer
Appliances: Refrigerator
Miscellaneous: High Visibility; Highway Frontage; Loading Dock; Open Water View; Storage
Construction: CBS
Floor: Concrete
Roof: Concrete Roof
Land Size: 1/2 - Less Than 1 AC
Fee Includes: None
Listing Office:
RE/MAX All Keys Real Estate
Last Updated: January - 08 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
