11600 Overseas Hwy Marathon, FL 33050-3631
- Retail space
- 7,130 SF
- 0.30 lot acres
May 19, 2025
Current Use by Public Records
- Advance Auto Parts / Truck Accessories Store / Auto Parts Store
- Amerigroup / Health Insurance Agency
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
Property Details for 11600 Overseas Hwy
- Year built
- 1974
- Lot size
- 0.30 lot acres
- Property size
- 7,130 SF
- Property type
- Retail space
- APN
- 00334770-000000
- APU
- 334770000000
Description
This exceptional investment opportunity presents a 7,130-square-foot freestanding commercial warehouse in Marathon, Florida, situated directly on US Highway 1, offering excellent visibility and accessibility. Built in 1974 and extensively remodeled in 2018-2019, the property boasts a new hurricane-rated metal roof, updated HVAC systems, ADA-compliant bathrooms, and new LED lighting throughout. The interior and exterior have been freshly painted, and a new hurricane-proof loading dock door has been installed. The building is fully insulated and attractively landscaped. A long-term, nationally recognized tenant, Advanced Discount Auto Parts, has occupied the space since 1991 under an absolute NNN lease, significantly reducing owner responsibilities. The current lease runs until February 2032, with three additional five-year renewal options extending to 2047, featuring escalating monthly rent: $5,954 from March 2022 to February 2027
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marathon
- County
- Monroe
- State
- Florida
- Longitude
- -81.0316
- Latitude
- 24.7304
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
