11600 Overseas Highway Marathon, FL 33050

Listing agency Coldwell Banker Commercial Schmitt Real Estate Company Marathon s***@samdwilliams.com Show Phone

Listed by Sam Williams · License #FL

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:08AM Checked: Jul 21 at 9:20AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Schmitt Real Estate Company Marathon

---

Investment Insights

Based on property information with market context.

This net-leased retail building is offered with an in-place lease that extends to 2032. The tenant is also willing to sign an additional 5-year option with a 10% rent increase, subject to the stated terms. The lease is structured as NNN, with no expenses to the owner for taxes, insurance, and property maintenance, and the tenant has maintained the property since 1994.

The property has undergone recent improvements, including a full building remodel and additional renovations noted through 2020. Updates include a new roof completed in 2018, new interior walls and paint, electrical and lighting upgrades, insulation improvements, breaker box replacements, an updated bathroom, and the addition of an extra bathroom in 2018.

The building is located directly off US 1, just south of the Vaca Cut Bridge.

Key Highlights

• NNN lease structure with tenant responsible for taxes, insurance, and property maintenance (approx. $35,000 annually)
• Lease end is 2032; tenant also willing to sign a 5‑year option with a 10% rent increase to provide a 4.6% cap
• Tenant has remodeled the entire building and added additional renovations by year end 2020

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,533,333

  3,429 SF

  Marathon Commercial Property For Sale

  Commercial building with highway exposure and ample parking in Marathon.

  11401 Overseas Highway, Marathon, FL 33050

  View Details
• 

  $725,000

  2,556 SF

  Contiguous Medical Office Suites

  Three contiguous office units offer flexible medical or professional office configurations within a prominent highway retail corridor.

  5701 Overseas Hwy 10, Marathon, FL 33050

  View Details
• 

  $895,000

  1,378 SF

  Renovated Waterfront Half Duplex

  Renovated 3-bedroom, 2-bath half duplex with furnished turnkey interiors and 50 feet of dockage with direct ocean access.

  150 E 63rd Street Ocean, Marathon, FL 33050

  View Details
• 

  $395,000

  1,128 SF

  High-Exposure Office Suite

  Freestanding-style office suite with highway frontage, reception, three private offices, and kitchen and half bath.

  5701 Overseas Highway Unit 1, Marathon, FL 33050

  View Details
• 

  $500,000

  1,302 SF

  Two-Story Duplex with Redevelopment Potential

  Two-story duplex on a sizable lot, offering two 1-bedroom units and flexibility for redevelopment subject to approvals.

  329 63 Court Gulf, Marathon, FL 33050

  View Details
• 

  $675,000

  945 SF

  CBS Half-Duplex with Canal Dock

  Solid CBS half-duplex with a 35-ft dock on a deep canal offering ocean access and a 2018 metal roof.

  427 89Th Street Ocean, Marathon, FL 33050

  View Details
• 

  $1,450,000

  4,168 SF

  Overseas Highway Mixed-Use Investment

  Mixed-use property with commercial space and residential rental units.

  7070 Overseas Highway, MARATHON, FL 33050

  View Details
• 

  $1,725,000

  2,244 SF

  Waterfront Duplex with Dock/Sea Wall

  Two 3-bedroom, 2-bath units on a lot with dock/sea wall access and outdoor amenities for year-round or rental use.

  440-442 48th Street Ocean, Marathon, FL 33050

  View Details
• 

  $1,549,000

  2,114 SF

  Waterfront Duplex with Dockage

  Stilted waterfront duplex with a pool, 110 feet of concrete seawall, and dockage for deep-water boating access.

  303 Sombrero Beach Road, Marathon, FL 33050

  View Details
• 

  $3,549,000

  6,128 SF

  Waterfront Mixed-Use Redevelopment Site

  Approved deep-water dockage and 200' highway frontage with a recertified two-story CBS building and outdoor porches.

  14 125Th Street Gulf, Marathon, FL 33050

  View Details
• 

  $850

  84 SF

  Marathon Office Space For Sale

  Shared office space in Marathon Berkshire Business Center for sale.

  9141 Overseas Highway, Marathon, FL 33050

  View Details
• 

  $2,950,000

  1,000 SF

  Waterfront Property with Fish House

  Waterfront property featuring a fish house and dockage.

  15 Seaview Avenue, Conch, FL 33050

  View Details

FAQs

What type of property is this?

NNN property - NNN lease with tenant responsibility for taxes, insurance, and maintenance, plus a new roof installed in 2018.

Where is this nnn property located?

The property is located at 11600 Overseas Highway Marathon, FL.

What are key features of this property?

This property features: NNN lease structure with tenant responsible for taxes, insurance, and property maintenance (approx. $35,000 annually); Lease end is 2032; tenant also willing to sign a 5‑year option with a 10% rent increase to provide a 4.6% cap; Tenant has remodeled the entire building and added additional renovations by year end 2020