About 7537 Overseas Highway
One of the few large parcels left in the Middle Keys. 1.64 acres directly on US 1 with one building containing 2,396 net leasable area and 300' + of Highway Frontage. Multiple development possibilities. Property has approx. 4k commercial square feet vested and an existing site plan approval for ten market rate units. Buyer would need to obtain building rights. Affordable Housing density would allow 24 affordable housing units per City Code. Property is being sold with no market rate building rights, however should a purchaser wish, there are 4 market rate building rights currently upon the property and Seller would consider selling some of those existing rights under a separate agreement and price. Property includes 3 curb cuts on US 1 and side street access from 75th Street. Large billboard with excellent visibility for signage. US 1 has median cut for 75th street making this property easily accessible from both Northbound and Southbound traffic. This large parcel provides multiple development opportunities.
Features of 7537 Overseas Highway
| MLS® # | 607585 |
|---|---|
| Price | $2,750,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,396 |
| Year Built | 1991 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 7537 Overseas Highway |
|---|---|
| Area | 16 - Sombrero Bch Rd to Vaca Cut - Oceanside |
| Subdivision | Paraiso Estate (51.0) |
| City | MARATHON |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Utilities | FKAA, Municipal Sewer, Buyer to Verify, Separate Meters |
|---|---|
| Parking | Off Street Parking |
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | No Appliances |
|---|---|
| Heating | Window/Wall Unit |
Exterior
| Lot Description | 1 Less Than 2 Acres |
|---|---|
| Construction | Combo Construction, Steel |
Additional Information
| Date Listed | November 28th, 2023 |
|---|---|
| Days on Market | 176 |
| Zoning | MU - Mixed Use Commercial Mixed Use |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Joshua Mothner |
|---|---|
| Office | Coldwell Banker Schmitt Real Estate Co. |