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2901 Overseas Hwy 4,560 SF 100% Leased Office Building Marathon, FL 33050 $2,499,000 ($548.03/SF)
Investment Highlights
- ±4,560 SF mixed-use property combining flexible medical/office space with income-producing residential units
- Two second-floor apartments, with one leased at approximately $2,000/month
- Two parcels totaling approximately 0.35 acres, providing additional flexibility and long-term value
- Two ground-floor medical/office suites that can operate independently or be combined into one larger contiguous space
- Approximately $54,000 in potential annual residential rental income once both apartments are occupied
- Rear parcel features direct canal access, a unique advantage for a property positioned along the Overseas Highway corridor
Executive Summary
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.
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.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,560 SF
Building Class
C
Year Built/Renovated
1976/2001
Price
$2,499,000
Price Per SF
$548.03
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,280 SF
Building FAR
0.30
Lot Size
0.34 AC
Zoning
SC
1 1
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $561,955 | |
| Land Assessment | $640,245 | Total Assessment | $1,202,200 |
Property Taxes
Parcel Numbers
Land Assessment
$640,245
Improvements Assessment
$561,955
Total Assessment
$1,202,200
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2901 Overseas Hwy
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