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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 %

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.

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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