2901 Overseas Hwy - Office/Residential FOR SALE


Marathon, FL 33050
$2,499,000 USD
305-320-1148
2901 Overseas Hwy, Marathon, FL for Sale
$2,499,000 USD
Office/Residential - FOR SALE
1/53
null | Request Cap Rate

2901 Overseas Hwy
Marathon, FL 33050


HIGHLIGHTS

  • ±4,560 SF mixed-use property combining flexible medical/office space with income-producing residential units
  • Two ground-floor medical/office suites that can operate independently or be combined into one larger contiguous space
  • Two second-floor apartments, with one leased at approximately $2,000/month
  • Approximately $54,000 in potential annual residential rental income once both apartments are occupied
  • Two parcels totaling approximately 0.35 acres, providing additional flexibility and long-term value
  • Rear parcel features direct canal access, a unique advantage for a property positioned along the Overseas Highway corridor

OVERVIEW

This unique mixed-use opportunity in Marathon, Florida features a ±4,560 SF two-story building situated on two parcels totaling approximately 0.35 acres with direct frontage and access along Overseas Highway. The ground floor consists of two units historically utilized as medical office space, which can remain separate or be combined into one larger suite. The second floor features two apartments, one currently leased at approximately $2,000 per month. The offering also includes a rear parcel with direct canal access, providing additional flexibility and long-term value. With prominent Overseas Highway frontage, strong daily traffic exposure, residential income, and flexible medical/commercial space, the property presents a compelling investment or owner-user opportunity in the heart of Marathon. The bottom floor consists of approximately 2,400 square feet in total, with roughly 1,200 square feet on each side. The space offers a flexible layout and can either be utilized as one large, contiguous unit or divided into two separate ±1,200-square-foot units, depending on the needs of the occupants.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

SC

APN/PARCEL ID

00321720-000000,00322180-000000

ASK ABOUT THIS PROPERTY

Brady WisdomWisdom Capital GroupMore Info
305-320-1148

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Brady WisdomWisdom Capital GroupMore Info
305-320-1148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.