Two-Story Mixed-Use
For Sale
Contact for pricing
2901 Overseas Highway, Marathon, FL 33050
Flexible commercial suites occupy the lower level, with two residential apartments above and a rear parcel with canal access.
Property Size4,560 SF
Lot Size0.35 Acres
Price / SF$548.03
Days on Market10
Property Features for 2901 Overseas Highway
General Information
Standard status
Active
Size
4,560 SF
Lot size
0.35 Acres
Property subtype
Multifamily, Office, Mixed Use
Zoning
SC
Occupancy
50%
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Multifamily Units
2
Office Units
2
Building Details
Year Built
1967
Year Renovated
2002
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Building Size
4,560 SF
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 5 at 4:20AM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
This mixed-use property comprises a 4,560-square-foot, two-story building constructed in 1967 on two parcels totaling approximately 0.35 acres. The lower level contains about 2,400 square feet arranged as two approximately 1,200-square-foot spaces, allowing the area to function as separate suites or a combined layout. These units have historically served medical office users. Two apartments are located upstairs, including one that is currently leased. A second parcel behind the building provides direct canal access and expands the property's overall configuration. The site fronts Overseas Highway in Marathon, Florida, with direct highway access. Zoning is SC.
Key Highlights
- 4,560 SF two‑story mixed‑use building constructed in 1967
- Two parcels totaling approximately 0.35 acres
- Lower level offers two approximately 1,200‑square‑foot commercial units
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.8k | $30.00 |
| − Vacancy | −$22.2k | −$4.86 |
| EGI | $114.6k | $25.14 |
| − OpEx | −$28.7k | −$6.29 |
| NOI | $86.0k | $18.86 |
4,560 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,979 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$1.01M
$884.5K – $1.18M
NOI $70,761 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,395 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
2
Residential units
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial suites occupy the lower level, with two residential apartments above and a rear parcel with canal access.
Where is this mixed-use property located?
The property is located at 2901 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 4,560 SF two‑story mixed‑use building constructed in 1967; Two parcels totaling approximately 0.35 acres; Lower level offers two approximately 1,200‑square‑foot commercial units
