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    81 Coco Plum Dr Marathon, FL 33050

    Sponsored
    For Sale
    $3,800,000

    Profitable Florida Keys Business w/ Waterfront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Marathon, Florida property, listed at $3,800,000, offers a unique blend of commercial and residential opportunities. Currently operating as a successful electric company's base, the property includes a home (requiring modernization), multiple work sheds, ample parking for work vehicles and trailers, and extensive waterfront assets. These assets include a private boat ramp, at least five wet slips with fully refurbished docks (including one lift slip), and a Tiki hut covering another private lift slip. The property boasts substantial dockage in front of the home, with additional docks available. PVC sheet piling protects the northern bank. The approximately 5,000 annual property taxes reflect the value and location. The bottomlands are owned outright, eliminating submerged land lease concerns. The seller represents the property as environmentally tested and clean. This versatile property presents a rare chance to acquire a thriving business with significant residential and recreational potential in the desirable Florida Keys. The property's diverse uses and prime waterfront location make it an exceptional investment opportunity.

    Property Features for 81 Coco Plum Dr

    General Information

    Property type
    Investment properties

    HighLights

    • $3,800,000 Marathon, FL commercial property with residential potential.
    • Currently operates as a successful electric company base.
    • Includes a home (needs updating), multiple work sheds, and ample parking.
    • Features extensive waterfront assets: private boat ramp, five wet slips with refurbished docks (including one lift slip), and a Tiki hut covering another private lift slip.
    • Significant dockage, PVC sheet piling protecting the northern bank, and outright ownership of bottomlands.
    • Environmentally tested and clean.
    Property Profile Location Intelligence

    Current Use by Public Records

    A M Electric, Inc Electrician Sunmasters Elite Travel, ... Travel Agency

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.0136113
    Latitude
    24.727991

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    FAQs

    What type of property is this?
    Investment property - Profitable Florida Keys Business w/ Waterfront
    Where is this investment property located?
    The property is located at 81 Coco Plum Dr Marathon, FL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: $3,800,000 Marathon, FL commercial property with residential potential.; Currently operates as a successful electric company base.; Includes a home (needs updating), multiple work sheds, and ample parking.
    Request Owner's contact information
    81 Coco Plum Dr 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
    81 Coco Plum Dr Marathon, FL 33050
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