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11399 Overseas Highway, Marathon, FL

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11399 Overseas Highway

Marathon, FL 33050-3403


Property Type:Retail Sub Type:- Status:Existing Year Built:1973
Building Size:11,420 SF Land Area:.29 AC (12,632 SF)
For Sale Price:$2,800,000 Price/SF:$245.18
Cap Rate:6.50 %


Of the largest commercial buildings in Marathon. Current tenants range from bar/restaurant, not for profit organization, printing business to retail and office use. Highway frontage Office / Commercial space for rent in Marathon. RETAIL SPACE AVAILABLE - UNITS RANGING FROM 750 SQ.FT TO 1999 SQ.FT!!
Call Kathleen Morgan, Sales and Property Manager Century 21 Schwartz Realty show contact info

Marathon Exchange Center is a Marathon staple. It is a well known community centers on the island of Marathon. The shopping center is centrally located between Miami and Key West. Convenient distance to local shops and Key Colony Beach.

Renovation is underway in some units. They will be completed in next two weeks.

11399 Overseas Highway
Marathon, FL 33050

Details
Property Type: Office/Commercial/Retail Shopping Center
County: Monroe

Located in the Heart of Marathon with highway frontage.


Sale Notes:
This a great opportunity to own one of the largest multi-tenant commercial buildings in Marathon. Located in the Heart of Marathon this property offers excellent exposure to Overseas Highway and easy corner lot access. Current tenants range from bar/restaurant, retail, medical to office use. Call the Listing agent for more information. Do Not Disturb the businesses. Cap rate is calculated based on 100% occupancy at market rates. The current tenant mix is office, retail, salon, bar/restaurant and medical. The bar/restaurant space has and SRX liquor license. Possibly convert the upper level into affordable housing.

Located on a corner lot in the heart of Marathon with excellent direct Overseas Hwy exposure. The location is ocean side within a rapidly developing tourist destination area. Current development in the area will bring an additional 500 (approx) transient units online including recently completed properties by the Hyatt and Marriott within 0.5 mile of this business.


American Caribbean Real Estate
Jody Owen
(305) 743-7636




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