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    5994 Overseas Hwy Marathon, FL 33050

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    Prime Commercial Land, Marathon, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.556-acre commercial land parcel presents a unique investment opportunity in Marathon, Florida. Located on Overseas Highway (SR A1A/US-1), the site boasts unparalleled visibility and accessibility, with over 33,000 average annual daily traffic counts. The property is zoned for mixed-use commercial development, offering flexibility for build-to-suit projects or ground leases. Recently cleared and ready for development, this lot features convenient ingress and egress, including a dedicated left-turn lane for eastbound traffic. Its strategic location adjacent to a shopping plaza further enhances its appeal. The limited land availability and stringent development regulations in the Florida Keys make this a rare chance to establish a presence in this high-barrier-to-entry market. This fee-simple ownership offers significant potential for long-term growth and return on investment in a thriving Florida Keys community. The property's prime location along the main thoroughfare connecting Marathon to the rest of the state ensures high visibility and accessibility for any commercial venture. This is an exceptional opportunity to capitalize on the increasing land scarcity and strong demand for commercial development in this desirable location. The site's convenient access and dedicated turning lane contribute to its exceptional functionality and appeal to potential tenants or developers.

    Property Features for 5994 Overseas Hwy

    General Information

    Property type
    Land
    Lot Size
    24,219 SF

    HighLights

    • 0.556‑acre site with excellent visibility in a high‑barrier‑to‑entry market.
    • Commercially zoned lot with direct A1A/US‑1 frontage.
    • Cleared lot ideal for build‑to‑suit or ground lease development.
    • High barriers to entry due to development regulations and limited land availability.
    • Convenient location adjacent to a shopping plaza with easy A1A access and dedicated turning lane.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -81.0716064
    Latitude
    24.7178368

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Marathon, FL
    Where is this land located?
    The property is located at 5994 Overseas Hwy Marathon, FL.
    What are key features of this property?
    This property features: 0.556-acre site with excellent visibility in a high-barrier-to-entry market.; Commercially zoned lot with direct A1A/US-1 frontage.; Cleared lot ideal for build-to-suit or ground lease development.
    (407) 404-1846
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    5994 Overseas Hwy 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
    5994 Overseas Hwy Marathon, FL 33050
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