4000 Overseas Highway, Marathon, FL 33050

$1,500,000
Property Type: Vacant Land Lot Size (sq. ft.): 38,000 Status: Closed
Current Price: $1,500,000 List Date: 5/02/2024 Last Modified: 10/18/2024

Description

This incredible elevated 38,000 sq. ft. corner property with 200 feet of Overseas Highway frontage is zoned mixed use and can accommodate numerous development opportunities. The lot is enclosed with fill, a CBS retaining wall, and topped with a CBS fence. This unique large lot provides plenty of height and space to add offices or other buildings with adequate parking area. The lot was filled and graded to provide protection from rising water levels. A 2016 Elevation Certificate showed the Flood Zone as AE 8 and the lowest adjacent finish grade next to the building in back of the lot to be at 8.1 ft. After Hurricane Irma in 2017 the lot had only 3 palm fronds to remove. The lot includes most of the right-of-way along Overseas Highway which helps in getting approval for a second entrance on Overseas Highway, if needed. (Contact the City of Marathon for details.) Remember commercial buildings do not require TBR's, and the City of Marathon has commercial sq. ft. space available. The 850 sq. ft. office situated toward the back of the lot should enhance any business you are planning. Added features of the office include two office spaces, break room, storage area, 1 ½ baths, generator with 2000-gallon propane tank, handicap ramp and parking area. There is a second water meter for irrigation. Call today for a showing to see this spacious mixed-use property. Please do not walk the property without the listing agent.

More Information MLS# 606932

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $1,500,000 Listing Date: 2023-10-07 Sold Price: $1,500,000

Location, Tax & Legal

City: MARATHON Mile Marker: 49 Marathon Neighborhood: Old Town East (25th to Sombrero) Side: Bay/Gulf Flood Zone: AE 8 Alternate Key #: 1414875 Parcel #: 00337220-000000 Zoning: MU - Mixed Use Commercial Mixed Use Deed Restrictions: Unknown Legal: BK 2 LTS 6,7 & 8 MARATHON BEACH PB2-21 Taxes: 6087.75 Tax Year: 2022 Street #: 4000 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Marathon Beach (49.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Vacant Land Waterfront: No Control Depth: 0 Lot SqFt: 38000 Lot Dimensions: 200' x 190' Lot Sqft Source: Property Data Card Survey Available: Yes

Remarks & Misc

Remarks – Consumer: This incredible elevated 38,000 sq. ft. corner property with 200 feet of Overseas Highway frontage is zoned mixed use and can accommodate numerous development opportunities. The lot is enclosed with fill, a CBS retaining wall, and topped with a CBS fence. This unique large lot provides plenty of height and space to add offices or other buildings with adequate parking area. The lot was filled and graded to provide protection from rising water levels. A 2016 Elevation Certificate showed the Flood Zone as AE 8 and the lowest adjacent finish grade next to the building in back of the lot to be at 8.1 ft. After Hurricane Irma in 2017 the lot had only 3 palm fronds to remove. The lot includes most of the right-of-way along Overseas Highway which helps in getting approval for a second entrance on Overseas Highway, if needed. (Contact the City of Marathon for details.) Remember commercial buildings do not require TBR's, and the City of Marathon has commercial sq. ft. space available. The 850 sq. ft. office situated toward the back of the lot should enhance any business you are planning. Added features of the office include two office spaces, break room, storage area, 1 ½ baths, generator with 2000-gallon propane tank, handicap ramp and parking area. There is a second water meter for irrigation. Call today for a showing to see this spacious mixed-use property. Please do not walk the property without the listing agent. Directions: MM 49 in Marathon, FL Gulf side corner of Overseas Highway and 41st Street.

Status Change Info

Sold Comments: Congratulations to my Sellers and Buyer! Sold Date: 2024-10-17 Sold Price: $1,500,000 Status: Closed

Assoc/Misc Info

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

Miscellaneous Info

Mobile Home Lot: No

Dockage

None: 1

Tax Exemptions

None: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Location/Site

Cleared Site: 1 Corner Lot: 1 Fenced: 1 Highway Frontage: 1 Paved Street: 1

Existing Utilities

Electric on Site: 1 Sewer: 1 Water Line: 1 Water Meter: 1

Land Size

1/2 - Less Than 1 AC: 1

Terms

Buyer Obtain Finance: 1 No Seller Finance: 1

Title

Title Ins - Buyer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Tax Exemptions: None Waterfront: None Dockage: None Waterview: No Waterview Existing Utilities: Electric on Site; Sewer; Water Line; Water Meter Land Size: 1/2 - Less Than 1 AC Terms: Buyer Obtain Finance; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: October - 18 - 2024
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