Search for Property

Marathon, FL 33050

$4,900,000
Property Type: Commercial Sale Bedrooms: 4 Baths: 4 Lot Size (sq. ft.): 160,800 Status: Active
Current Price: $4,900,000 List Date: 5/21/2025 Last Modified: 11/21/2025

Description

Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights. Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business. Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.

More Information MLS# 615112

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $4,900,000 Listing Date: 2025-05-21 List Price: $4,900,000

Location, Tax & Legal

City: MARATHON Mile Marker: 54 Marathon Neighborhood: Coco Plum Side: Ocean Flood Zone: AE, AE Alternate Key #: 1444758 Add'l Parcel #1: 00100230-000000 Parcel #: 00362670-000000 Add'l Parcel #2: 00362660-000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: LOT 3 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-1 Taxes: 22827.23 Tax Year: 2024 Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Driftwood Estates (54.0) County: Monroe Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 6 Lot Size: 670 x 240 Lot SqFt: 160800 SqFt Source: Property Data Card Total # Buildings: 3 Building SqFt: 0 Style: Commercial Year Built: 1950 Total Bedrooms: 4 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights. Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business. Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle. Directions: Please use entrance off of Overseas Highway, 13755 with permission from the agent and seller.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of City License: 4

Type

Boat Care: 1 Boat Sales/Service: 1 Marina: 1 Other Comrcl Style: 1

Fee Includes

None: 1

Dockage

Dock Length: 150 Dock: Wood Dock Permit: Yes

Accounts & Meters

# Water Meters: 1 # Electric Meters: 1

Appliances

Range: 1 Refrigerator: 1

Property Info

# Kitchens: 4 # Efficiencies: 2

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Harbor/Marina View: 1 Ocean View: 1 Open Water View: 1

Windows/Doors

Other Windows/Doors: 1

Vehicle Storage

Guest Parking: 1 Common Parking: 1 Trailer Storage: 1

Construction

Concrete: 1

Land Size

2 Less Than 5 Acres: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1 Separate Meters: 1 Sewer Available: 1

Title

Negotiable: 1

Property Rights

Multi-Use/Commercial: 1 Transfer Bldg Rights: 1

Miscellaneous

Fencing: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Residence on Premise: 1

Roof

Combo Roof: 1 Concrete Roof: 1 Other Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Deed Restrictions: Unknown Type: Boat Care; Boat Sales/Service; Marina; Other Comrcl Style Waterfront: Oceanfront; Open Water Waterview: Harbor/Marina View; Ocean View; Open Water View Vehicle Storage: Common Parking; Guest Parking; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters; Sewer Available Appliances: Range; Refrigerator Miscellaneous: Fencing; High Traffc Location; High Visibility; Highway Frontage; Residence on Premise Construction: Concrete Roof: Combo Roof; Concrete Roof; Other Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Title: Negotiable Property Rights: Multi-Use/Commercial; Transfer Bldg Rights
Listing Office: Engel & Völkers Marathon
Last Updated: November - 21 - 2025
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.