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    59073 Overseas Hwy Marathon, FL 33050

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    For Sale
    $9,900,000

    Marina with apartments, store, and redevelopment potential in Marathon, FL.

    Property size:
    22,000 SF
    Lot size:
    2.71 Acres

    Property Features for 59073 Overseas Hwy

    General Information

    Size
    22,000 SF
    Lot size
    2.71 Acres

    Source: NAI Southcoast | Stuart Agent Stuart Duffin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grassy Key Marina Opportunity

    This property features marina services, including 110 indoor and outdoor dry rack storage spaces, 33 wet slips, and 78 trailer storage spaces. A tiki hut is situated on the point, overlooking the Gulf of Mexico. There is a marketplace offering beer, ice, and bait, with the potential for fuel sales in the parking area. The property is the first stop for vehicles entering the north end of Marathon. Grassy Key Marina received the 2022 Boater’s Choice award. Chartered fishing and boat rental tenants are present. The location offers great visibility from US-1 (Overseas Hwy) on the way through Grassy Key, with affluent Duck Key nearby. There is significant potential and upside for new owners to realize through development, increased occupancy, and maximizing its potential. The property includes 4 studio apartments, generating an income of $5,500 per month. This 22,000 square foot property presents an opportunity to buy and develop, with major upside potential in rent and redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grassy Key Marina Marina Communication Tower Tower Communication Service Grassy key marina ... Grocery Store Marathon Rod Rentals Fishing Store Run And Gun Fishing ... Fishing Charter

    Suggested Use

    Restaurant Realty agency Gym & Fitness Hotel & Motel Department Store Food Market Grocery Store Bar & Pub Bakery Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -80.9443392
    Latitude
    24.7682039

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    FAQs

    What type of property is this?
    Marina - Marina with apartments, store, and redevelopment potential in Marathon, FL.
    Where is this marina located?
    The property is located at 59073 Overseas Hwy Marathon, FL.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: - Marina services: 110 Indoor & Outdoor Dry Rack Storage spaces, 33 Wet Slips, and 78 Trailer Storage spaces.; - Prime location with high visibility from US-1 (Overseas Hwy) and first stop entering Marathon from the north.; - Enjoy the Tiki Hut overlooking the Gulf of Mexico.
    (772) 579-0370
    Request Owner's contact information
    59073 Overseas Hwy Marathon, FL 33050
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    Marathon, FL 33050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59073 Overseas Hwy Marathon, FL 33050
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