4000 Overseas Highway, Marathon, FL 33050 (MLS# 606932)

4000 Overseas Highway, Marathon, FL 33050

$1,500,000

Virtual Tour

https://view.paradym.com/idx/4000-Overseas-Highway-Marathon-FL-33050/4831137

Property Type: Vacant Land Lot Size (sq. ft.): 38,000 Status: Closed

Current Price: $1,500,000 List Date: 5/02/2024 Last Modified: 10/18/2024

Overview

Description

This incredible elevated 38,000 sq. ft. corner property with 200 feet of Overseas Highway frontage is zoned mixed use and can accommodate numerous development opportunities. The lot is enclosed with fill, a CBS retaining wall, and topped with a CBS fence. This unique large lot provides plenty of height and space to add offices or other buildings with adequate parking area. The lot was filled and graded to provide protection from rising water levels. A 2016 Elevation Certificate showed the Flood Zone as AE 8 and the lowest adjacent finish grade next to the building in back of the lot to be at 8.1 ft. After Hurricane Irma in 2017 the lot had only 3 palm fronds to remove. The lot includes most of the right-of-way along Overseas Highway which helps in getting approval for a second entrance on Overseas Highway, if needed. (Contact the City of Marathon for details.) Remember commercial buildings do not require TBR's, and the City of Marathon has commercial sq. ft. space available. The 8 ... (Read more)

Listing Details MLS# 606932

Location, Tax & Legal

Street #: 4000
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Marathon Beach (49.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

Contract Information

Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Vacant Land
Waterfront: No
Lot Dimensions: 200' x 190'
Lot SqFt: 38000
Lot Sqft Source: Property Data Card
Survey Available: Yes

Status Change Info

Under Contract Date: 2024-08-14
Leased Date: 2024-10-17
Sold Comments: Congratulations to my Sellers and Buyer!

Miscellaneous Info

Mobile Home Lot: No

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Property Features

Tax Exemptions: None Waterfront: None Dockage: None Waterview: No Waterview Existing Utilities: Electric on Site; Sewer; Water Line; Water Meter Land Size: 1/2 - Less Than 1 AC Terms: Buyer Obtain Finance; No Seller Finance Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: October - 18 - 2024

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