81 Coco Plum Dr, Marathon, FL 33050
For Sale
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This exceptional Marathon, Florida property, listed at $3,800,000, offers a unique blend of commercial and residential opportunities. Currently operating as a successful electric company's base, the property includes a home (requiring modernization), multiple work sheds, ample parking for work vehicles and trailers, and extensive waterfront assets. These assets include a private boat ramp, at least five wet slips with fully refurbished docks (including one lift slip), and a Tiki hut covering another private lift slip. The property boasts substantial dockage in front of the home, with additional docks available. PVC sheet piling protects the northern bank. The approximately 5,000 annual property taxes reflect the value and location. The bottomlands are owned outright, eliminating submerged land lease concerns. The seller represents the property as environmentally tested and clean. This versatile property presents a rare chance to acquire a thriving business with significant residential and recreational potential in the desirable Florida Keys. The property's diverse uses and prime waterfront location make it an exceptional investment opportunity.
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A M Electric, Inc Electrical Service General Contractor
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Sunmasters Elite Travel, Inc. Travel Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.