Grassy Key Marina
For Sale
Contact for pricing
Pending
59073 Overseas Hwy, Marathon, FL 33050
Marina with rental income, apartments, and potential for growth.
Property Size22,000 SF
Days on Market973
Property Features for 59073 Overseas Hwy
General Information
Standard status
Pending
Size
22,000 SF
Property subtype
Mixed Use, Special Purpose
Zoning
Mixed Use (MU)
Occupancy
45%
Lease Type
Gross
Building Details
Year Renovated
2023
Buildings
5
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Stuart
Listed By:
Stuart Duffin, SIOR, CCIM · License #BK3071098
Source:
Crexi
Added: Dec 18, 2023
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Cushman & Wakefield - Stuart
Investment Insights
Based on property information with market context.
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. The property generates rental income from a convenience store. Located at the north end of Marathon on Overseas Highway (US1), it benefits from high visibility. Grassy Key Marina received the 2022, 2023, and 2024 Boater’s Choice award and the 2023 and 2024 Marinas.com Elite Fleet Boaters Choice Award. Chartered fishing and boat rental tenants are present. The property is located close to affluent Duck Key and offers great visibility from US-1 (Overseas Hwy) on the way through Grassy Key. The property includes 4 studio apartments, adding income to the property - $5,500/month. Physical improvements have been made to the property, including new decking improvements, a new roof over the vacant store, landscaping clean up and maintenance, improved security and safety aspects, and signage. Fuel has been installed for marina equipment, and a forklift has been purchased. The property size is 22000 square feet.
Key Highlights
- Established marina with 110 indoor/outdoor dry rack storage spaces, 33 wet slips, and 78 trailer storage spaces.
- Proven income generation from convenience store and 4 studio apartments ($5,500/month).
- High visibility location on US‑1 (Overseas Hwy)** at the north entrance to Marathon.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - Marina with rental income, apartments, and potential for growth.
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: Established marina with **110 indoor/outdoor dry rack storage spaces, 33 wet slips, and 78 trailer storage spaces**.; Proven income generation from convenience store and 4 studio apartments ($5,500/month).; High visibility location on US‑1 (Overseas Hwy)** at the north entrance to Marathon.
