38 Coco Plum Drive, Marathon, FL 33050

$4,950,000
Property Type: Commercial Sale Baths: 1 Square Footage: 5,439 Lot Size (sq. ft.): 30,000 Status: Active
Current Price: $4,950,000 List Date: 5/09/2025 Last Modified: 12/05/2025

Description

Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300' on Coco Plum Dr and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality. Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property. Parcel IDs include: 00362930, 00362940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys.

More Information MLS# 614960

Contract Information

Listing Board: Florida Keys Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $4,950,000 Listing Date: 2025-05-09 List Price: $4,950,000

Location, Tax & Legal

City: MARATHON Mile Marker: 54.5 Marathon Neighborhood: Coco Plum Side: Ocean Flood Zone: AE Alternate Key #: 1445011 Parcel #: 00362930-000000 Zoning: MU - M - Mixed Use - Maritime Legal: BK 1 LT 14 COCO PLUM BEACH PB4-166 FAT DEER KEY OR580-134 OR584-174 OR2799-1322/23ORD OR2842-1508/09 OR2956-1161 OR2956 Taxes: 22621.34 Tax Year: 2025 Street #: 38 Street Name: Coco Plum Street Suffix: Drive Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Coco Plum Beach (54.5) County: Monroe Area: 18 - East of Holiday Inn US #1 & Coco Plum

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 5 Lot Size: 300 x 100 Lot SqFt: 30000 # Stories: 1 SqFt Source: Tax Records Total # Buildings: 1 Building SqFt: 5439 Style: Commercial Living Apx SqFt: 5439 Year Built: 1994 Full Baths: 1 Total Baths: 1

Remarks & Misc

Remarks – Consumer: Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300' on Coco Plum Dr and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality. Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property. Parcel IDs include: 00362930, 00362940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys. Directions: Rt1/ Overseas Hwy to Coco Plum

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Boat Care: 1 Boat Sales/Service: 1 Marina: 1 Other Services: 1

Fee Includes

None: 1

Dockage

Other Dockage: 1

Appliances

Refrigerator: 1

Property Info

# Boat Slips: 18

Heating

Other: 1

Waterfront

Open Water: 1

Waterview

Open Water View: 1

Floor

Concrete: 1

Construction

CBS: 1

Land Size

1/2 - Less Than 1 AC: 1

Utilities

Municipal Sewer: 1

Miscellaneous

High Visibility: 1 Highway Frontage: 1 Loading Dock: 1 Open Water View: 1 Storage: 1

Roof

Concrete Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

Type: Boat Care; Boat Sales/Service; Marina; Other Services Waterfront: Open Water Waterview: Open Water View Dockage: Other Dockage Heating: Other Utilities: Municipal Sewer Appliances: Refrigerator Miscellaneous: High Visibility; Highway Frontage; Loading Dock; Open Water View; Storage Construction: CBS Floor: Concrete Roof: Concrete Roof Land Size: 1/2 - Less Than 1 AC Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: December - 05 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.