5994 Overseas Hwy Marathon, FL 33050
- Retail space
- 5,879 SF
- 0.56 lot acres
Current Use by Public Records
- Retail space
Property Details for 5994 Overseas Hwy
- Year built
- 1969
- Lot size
- 0.56 lot acres
- Property size
- 5,879 SF
- Property type
- Retail space
- APN
- 00338240-000000
- APU
- 338240000000
Description
This exceptional 0.556-acre commercial land parcel presents a unique investment opportunity in Marathon, Florida. Located on Overseas Highway (SR A1A/US-1), the site boasts unparalleled visibility and accessibility, with over 33,000 average annual daily traffic counts. The property is zoned for mixed-use commercial development, offering flexibility for build-to-suit projects or ground leases. Recently cleared and ready for development, this lot features convenient ingress and egress, including a dedicated left-turn lane for eastbound traffic. Its strategic location adjacent to a shopping plaza further enhances its appeal. The limited land availability and stringent development regulations in the Florida Keys make this a rare chance to establish a presence in this high-barrier-to-entry market. This fee-simple ownership offers significant potential for long-term growth and return on investment in a thriving Florida Keys community. The property's prime location along the main thoroughfare connecting Marathon to the rest of the state ensures high visibility and accessibility for any commercial venture. This is an exceptional opportunity to capitalize on the increasing land scarcity and strong demand for commercial development in this desirable location. The site's convenient access and dedicated turning lane contribute to its exceptional functionality and appeal to potential tenants or developers.
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
- -81.0716
- Latitude
- 24.7178
- CBSA code
- 28580
- CBSA name
- KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
