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    FOR SALE
    Industrial properties

    10455 Overseas Hwy, Marathon, FL 33050

    2,359 SF 0.19 ac lot Built 1982
    Individually Owned 4-yr Hold
    Property ID
    US18-0633758
    Property summary
    AI-generated overview

    This 2,359 square foot commercial warehouse in Marathon, Florida, is ideally suited for an auto repair business. Located directly off Overseas Highway, it boasts high visibility and easy accessibility, further enhanced by rear access via 105th Street. The building features two spacious car bays, multiple car lifts, and a convenient concrete ramp lift. Ample storage space is included, along with dedicated office space for administrative tasks and client consultations. An added benefit is a one-bedroom, one-bathroom apartment on the upper floor, offering potential for additional income or on-site management. The asking price is $1,550,000. This property presents a unique opportunity to establish or expand an automotive business in a high-traffic location with excellent visibility and convenient access. The combination of workshop space, office area, storage, and the residential apartment makes this a versatile and attractive investment. The property's strategic location ensures maximum exposure to potential customers, while the included amenities streamline operations and enhance efficiency. This is a turnkey solution for a thriving auto repair business in the desirable Marathon, Florida market. The property is zoned for commercial use and is ready for immediate occupancy.

    Property profile
    Verified
    Property type Industrial properties
    Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
    Year built 1982
    Total area 2,359 SF
    Lot 0.19 ac (8,432 SF)
    APN 00332640-000000
    UPID US18-0633758
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Better Buy Muffler Brake and Tires Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $725k
    CAP Approach CAP
    $500k
    Comparable Approach Comparable
    $638k
    Blend (final) Blend
    $755k
    Owner & transaction history
    Thomas J Christensen · 4 yrs held
    Thomas J Christensen
    since 2021
    Last sale
    $800,000
    7 recorded transactions
    2021
    $800,000
    2016
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.0M +49.2%
    Warehouse, storage $810,000 +17.3%
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    More about this property
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