About N/A
Unlock the full potential of the Florida Keys commercial market with this offering of a rare combined set of parcels including Lot 2 & Lot 3 on Overseas Highway, and an additional parcel of ~3.0 acres of submerged bay bottom located in the heart of Marathon. These adjacent parcels and bay bottom present a unique opportunity for developers, investors, or end-users seeking high-traffic frontage, open-water access, and bay bottom rights.Property is zone Mixed Use Commercial (MU-C). Currently has two concrete dwellings on-site with 3 building rights, deep water access, and dockage. Direct open water with panoramic views and potential for dock development, boating, or a water sport business.Ideal for possible hotel/motel, retail, restaurant, marina, or mixed-use commercial ventures (subject to city approval). High visibility corridor daily on US-1/Overseas Highway. Benefit from strong foot traffic and year-round visitors. Ownership of the bay bottom opens unique possibilities for water-related commercial activity. Rare opportunity to acquire two contiguous parcels with waterfront, bay bottom rights, four dwelling rights and highway presence. Whether you're envisioning a boutique resort, a landmark restaurant on the water, or a marine-focused business, this combined site offers everything you need - land, location, and lifestyle.
Features of N/A
| MLS® # | 615112 |
|---|---|
| Price | $6,100,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| Area | 18 - East of Holiday Inn US #1 & Coco Plum |
| Subdivision | Driftwood Estates (54.0) |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Utilities | FKAA, Separate Meters, Buyer to Verify, Sewer Available, Municipal Sewer |
|---|---|
| Parking | Common Parking, Trailer Storage, Guest Parking |
| View | Open Water View, Harbor/Marina View, Ocean View |
| Is Waterfront | Yes |
| Waterfront | Oceanfront, Open Water |
Interior
| Appliances | Refrigerator, Range |
|---|---|
| Heating | Wall/Window Unit(s), Ceiling Fans(s) |
Exterior
| Lot Description | 2 Less Than 5 Acres |
|---|---|
| Windows | Other Windows/Doors |
| Roof | Concrete Roof, Other Roof, Combo Roof |
| Construction | Concrete |
Additional Information
| Date Listed | May 21st, 2025 |
|---|---|
| Days on Market | 172 |
| Zoning | MU - Mixed Use Commercial Mixed Use |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Stephany Duvall |
|---|---|
| Office | Engel & Volkers Marathon |
