Overseas Highway Mixed-Use
For Sale
$1,400,000
7070 Overseas Highway, Marathon, FL 33050
Mixed-use property with commercial space and residential rental units.
Property Size4,168 SF
Price / SF$335.89
Days on Market151
Property Features for 7070 Overseas Highway
General Information
Standard status
Active
Size
4,168 SF
Zoning
MU - Mixed Use Commercial Mixed Use
Taxes and HOA fees
Annual Taxes
$6,334
Building Details
Building Size
4,168 SF
Year Built
1954
Stories
2
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
Listed By:
Alyson Bainbridge
(812) 593-1615
Source:
Laerrealty
Added: May 27
Changed: Oct 14
Last Checked: Oct 23 at 4:16AM
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 Schmitt Real Estate Co.
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Investment Insights
Based on property information with market context.
Located on Overseas Highway in Marathon, this mixed-use property offers an investment opportunity in a high-visibility location. The property, formerly a flower shop, includes approximately 4,168 finished square feet and is zoned for mixed use, accommodating various business ventures, income-producing opportunities, or redevelopment concepts. The second floor features three residential rental units, including one 2-bedroom unit and two 1-bedroom units, providing immediate revenue potential. This property offers flexibility and long-term value for investors seeking multiple income streams, entrepreneurs looking to start a business, or those seeking a live/work opportunity. The location provides exposure along one of the Florida Keys' busiest corridors, making it suitable for business investments, ventures, and future growth.
Key Highlights
- Prime Overseas Highway location in Marathon with outstanding visibility.
- Mixed‑use zoning allows for a wide range of business ventures, income‑producing opportunities, or redevelopment.
- Three residential rental units on the second floor provide immediate revenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,518
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,360
$1.2M
Cap Rate 7%
$821,686
$821.7K
Cap Rate 9%
$639,089
$639.1K
Market Conditions
NOI Build-Up for 4,168 SF
Gross rent
$100.0K $24.00/SF
− Vacancy
−$8.0K −$1.92/SF
EGI
$92.0K $22.08/SF
− OpEx
−$34.5K −$8.28/SF
NOI
$57.5K $13.80/SF
Area
Monroe County, FL
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,360
Cap Rate 7%
$821,686
Cap Rate 9%
$639,089
Alternative Uses
Best Use
Mixed Use
$821.7K
$719.0K – $958.6K
NOI $57,518 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,358 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
485
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential rental units.
Where is this mixed-use property located?
The property is located at 7070 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime Overseas Highway location in Marathon with outstanding visibility.; Mixed‑use zoning allows for a wide range of business ventures, income‑producing opportunities, or redevelopment.; Three residential rental units on the second floor provide immediate revenue.
