13759 Overseas Hwy Marathon, FL 33050

Property Details for 13759 Overseas Hwy

Lot size

1.48 lot acres

Property type

Commercial real estate

APN

00362670-000000

APU

362670000000

Description

This exceptional 3-acre waterfront property in Marathon, Florida (33050), presents a unique redevelopment opportunity. Located at 13759 Overseas Highway (MM 54), this mixed-use (MU) zoned land boasts significant potential. The property includes two buildings, totaling 3,000 square feet, built in 1930, and features three units and one pad. The asking price is $4,870,000, translating to $1,623.33 per square foot and $1,625,000 per acre. Existing infrastructure includes water and sewer lines to each of the two upland lots, already installed and paid for. A marina license and open dock permit are in place, allowing for immediate alterations. The current dockage accommodates a large sportfisher and more. An additional 3 acres of bay bottom are potentially available for wet slips, adding significant expansion possibilities. The property also includes one residential and one commercial Transfer of Development Rights (TDR). A 600+ foot strip of land along the bay bottom may provide access to additional boat slips. Recent comparable sales and appraisals support the property's excellent value and competitive pricing. This prime location offers diverse development options, including an expanded RV park, marina, single-family homes, a large hotel, or a boat dealership. The seller believes the bay bottom can be developed into a substantial marina.