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    5800 Overseas Hwy 21 Marathon, FL 33050

    Sponsored
    For Sale
    $590,000

    Prime Commercial Warehouse, Gulfside Village

    Property size:
    1,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1,860 square foot commercial warehouse, located at 5800 Overseas Highway, Unit 21, Marathon, FL 33050, presents a lucrative investment opportunity. Situated in the heart of Gulfside Village, this property boasts excellent visibility and a strong rental history, currently occupied by Verizon Wireless under a triple-net long-term lease. The warehouse features a half bathroom and a spacious rear storage/office area, providing ample functionality for a variety of businesses. Gulfside Village offers a convenient and attractive shopping environment with abundant parking. The property's strategic location ensures high traffic and exposure, making it an ideal investment for discerning buyers seeking a stable, income-generating asset. The asking price is $590,000. Please note that the existing tenant should not be disturbed. This property is classified as Industrial and Land, with a subtype of Warehouse and Commercial.

    Property Features for 5800 Overseas Hwy 21

    General Information

    Property type
    Distribution properties
    Square Feet
    1,860 SF

    HighLights

    • $590,000 asking price.
    • 1,860 square foot industrial warehouse/commercial space.
    • Located at 5800 Overseas Highway, Unit 21, Marathon, FL 33050.
    • Triple‑net lease with Verizon Wireless tenant.
    • Excellent visibility and rental history in Gulfside Village shopping center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Village Barber Shop Barber Shop Salon Blanco Spa Beauty Salon Insurance Office of America Insurance Agency Food For Thought Natural Goods Store Christopher B Waldera ... Estate Planning Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.0724919
    Latitude
    24.7179691

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    FAQs

    What type of property is this?
    Distribution property - Prime Commercial Warehouse, Gulfside Village
    Where is this distribution property located?
    The property is located at 5800 Overseas Hwy 21 Marathon, FL.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: $590,000 asking price.; 1,860 square foot industrial warehouse/commercial space.; Located at 5800 Overseas Highway, Unit 21, Marathon, FL 33050.
    Request Owner's contact information
    5800 Overseas Hwy 21 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
    5800 Overseas Hwy 21 Marathon, FL 33050
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