12685 Overseas Highway, MARATHON, FL

Others for Sale - $7,950,000 - 4,510 Sq. Ft.


Agent Info

Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.

Property Info

CIMLS#1198135
Location
  12685 Overseas Highway
  MARATHON FL 33050
UpdatedNovember 3rd, 2026
TypeOthers
Price$7,950,000
Building4,510 Sq. Ft.

Property Description

Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Other Development possilibities exist as the sight is zoned properly for varying types of use. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.


Financials