11400 Overseas Hwy Marathon, FL 33050
- Community centers
- 22,069 SF
- 0.98 lot acres
Current Use by Public Records
- Ameristar / Contractor
- Danial Marrs, LPT Realty / Photographer / Photography Service
- Island Pilates and Massage / Pilates Studio
- Brandi Card, LMT / Pilates Studio / Massage Therapist
- Chapters Health Hospice (Monroe) / Hospice
Property Details for 11400 Overseas Hwy
- Year built
- 1973
- Lot size
- 0.98 lot acres
- Property size
- 22,069 SF
- Property type
- Community centers
- APN
- 00334860-000000
- APU
- 334860000000
Description
This exceptional retail property, located at 11400 Overseas Highway in Marathon, Florida (zip code 33050), offers a substantial 22,069 square feet of single-tenant space. The property is zoned UC and features a highly visible location directly adjacent to US-1, ensuring excellent exposure for any business. Road signage opportunities are available, capitalizing on the high traffic volume of this main Marathon business corridor. The ground floor location provides easy accessibility, a key advantage for customers and employees. The building itself is part of a bustling commercial plaza, offering convenient amenities such as an elevator, two stairwells (one at each end of the plaza), public restrooms, and ample parking. The unit itself includes a reception area, multiple offices or treatment rooms (depending on tenant needs), and a private bathroom. Utilities are handled efficiently with individual electric meters for each unit, while water and trash removal are included in the monthly rental cost. The lease terms require first and last month's rent as security deposit, with a monthly rent of $2600 plus a 3.5% state/county tax. A long-term lease commitment of at least two years is preferred, with the possibility of a multi-year lease option. This property presents a unique opportunity for businesses seeking a prominent and well-equipped space in the heart of Marathon's commercial district. The APN is 00334860-000000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,730,000
- ML approach
- $4,855,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,690,000
- 6.5%
- $5,255,000
- 7%
- $4,880,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,205,000
- RESTAURANT
- $4,110,000
- RETAIL STORES
- $3,760,000
- INDUSTRIAL (GENERAL)
- $3,640,000
- COMMERCIAL (GENERAL)
- $3,330,000
- WAREHOUSE, STORAGE
- $3,120,000
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Location Insight
- Map
- Local Demand
- City
- Marathon
- County
- Monroe
- State
- Florida
- Longitude
- -81.0338
- Latitude
- 24.7302
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA