$6,100,000
 $32,746 est/mo Sourced by Back At You

MLS #: 615454

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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 4 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.

Details

MLS #615454
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site25
Listing Provided ByEngel & Völkers Marathon | Stephany Duvall

Features

ZoningMU - Mixed Use Commercial Mixed
Acreage3.69
Water FrontYes
Property ViewOpen Water View

Taxes

Property22827

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area18 East of Holiday Inn US #1 & Coco Plum
Community NameDriftwood Estates (54.0)
Sourced by Back At You
Listing Updated: July 7, 2025 at 11:37:15 AM PDT