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Property profile

2315 Overseas Hwy Marathon, FL 33050

OFF-MARKET
Retail space
Property ID
US18-0542001
View Sample
2,505 SF 0.08 ac lot Built 1958
Individually Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial property, located at 2315 Overseas Highway in Marathon, Florida, presents a compelling investment opportunity. The 2,505 square foot building sits on a prominent US-1 location, offering unparalleled visibility and exposure for a variety of commercial uses. Ideal for retail or office space, the building boasts a strong construction (concrete block) and is equipped with central air conditioning, ensuring year-round comfort. The property's condition is excellent, minimizing immediate maintenance needs. Enhancements include a large pylon sign with a pole and frame, providing significant advertising potential. Ample parking is available both on US-1 and along the building's side, ensuring convenient access for customers and employees. The property is zoned for commercial use and is priced competitively at $495,000. This is a rare chance to acquire a well-maintained, high-visibility commercial building in a thriving Florida market. The property's location on the busy Overseas Highway guarantees high traffic counts and excellent exposure, making it an attractive option for businesses seeking a strong presence in the Marathon area. The existing infrastructure, including the pylon sign and ample parking, further enhances the property's value and appeal. Don't miss this opportunity to secure a prime commercial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Total area 2,505 SF
Lot 0.08 ac (3,385 SF)
APN 00320840-000000
UPID US18-0542001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
$525k
Comparable Approach Comparable
$535k
Blend (final) Blend
$575k

Owner & transaction history

since 2020
Last sale
$450,000
3 recorded transactions
2020
$450,000
2006
$4.0M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $735,000 +13.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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