7537 Overseas Highway, MARATHON, FL


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Square feet

About 7537 Overseas Highway

One of the few large parcels left in the Middle Keys. 1.64 acres directly on US 1 with one building containing 2,396 net leasable area and 300' + of Highway Frontage. Multiple development possibilities. Property has approx. 4k commercial square feet vested and an existing site plan approval for ten market rate units. Buyer would need to obtain building rights. Affordable Housing density would allow 24 affordable housing units per City Code. Property is being sold with no market rate building rights, however should a purchaser wish, there are 4 market rate building rights currently upon the property and Seller would consider selling some of those existing rights under a separate agreement and price. Property includes 3 curb cuts on US 1 and side street access from 75th Street. Large billboard with excellent visibility for signage. US 1 has median cut for 75th street making this property easily accessible from both Northbound and Southbound traffic. This large parcel provides multiple development opportunities.

Features of 7537 Overseas Highway

MLS® # 607585
Price $2,750,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 2,396
Year Built 1991
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 7537 Overseas Highway
Area 16 - Sombrero Bch Rd to Vaca Cut - Oceanside
Subdivision Paraiso Estate (51.0)
County Monroe
State FL
Zip Code 33050


Utilities FKAA, Municipal Sewer, Buyer to Verify, Separate Meters
Parking Off Street Parking
View No Waterview
Is Waterfront No
Waterfront None


Appliances No Appliances
Heating Window/Wall Unit


Lot Description 1 Less Than 2 Acres
Construction Combo Construction, Steel

Additional Information

Date Listed November 28th, 2023
Days on Market 186
Zoning MU - Mixed Use Commercial Mixed Use
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJoshua Mothner
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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