Discover an exceptional unique investment opportunity in the heart of Marathon. This sprawling 8,292-square-foot property showcases six income-generating residential 1 bed / 1 bath apartments and two 2 very tall and spacious (3,000+ sq. ft) warehouse/storage buildings (former airplane hangars) w/ half baths in each. The annual rent roll is currently $118,200 with occupancy rates consistently near 100% across many years (and without ever increasing rent rates to our loyal long-term tenants). Based on the appraisal (included in the listing), the market will support a rent roll of $153,286. The property's versatile layout presents numerous possibilities for generating rental income, with separate living spaces that can accommodate long-term tenants or short-term rentals. A distinctive feature of this property is its industrial capabilities, including warehouse space (airplane hangars), offering unique potential for both residential and commercial ventures.Perfectly positioned in the Middle Keys, this property provides easy access to local amenities including the Marathon International Airport, numerous bars and restaurants, shopping, public transportation, and the renowned Sombrero Beach area. The lack of reasonable housing in the Keys ensures that this property is always in high demand to potential renters, and we see very little turnover for our long-term tenants. This property conveys with 2 Affordable Building Rights with an option to take over 4 additional in the queue for approval. Located in a certified Opportunity Zone, there are significant tax benefits to the potential buyer. Whether you're seeking a lucrative investment property, a unique residential compound with additional warehouse/storage capabilities, or an income-generating property with the potential to create the most impressive man cave in the Keys, this versatile property delivers exceptional value in one of Florida's most desirable locations. Email [email protected] for questions.
Come see this beautiful office that has been completely renovated recently. With over 1,400 sq feet of office, this would make a great Dr. Office, Real Estate, Exc.Seller will consider leasing property out!!
Exceptional 6-unit multi-family commercial property conveniently accessible from both 51st Street and 50th Street. This property offers unparalleled convenience and charm in the heart of Marathon. Comprised of three buildings surrounding a serene courtyard oasis complete with a sparkling pool, tiki bar, and grill. Boasting a total of five efficiencies and a separate two-bedroom, two-bathroom unit, making it an investor's dream. Each unit has undergone extensive remodeling, featuring tile floors, impact windows, AC systems, state-of-the-art appliances, cabinets, and quartz countertops. Ample off-street parking for over eight vehicles. Zoned MU Commercial with six TBRs (Building Rights), this property offers versatile opportunities for investors, whether for short-term rentals, long-term leasing, or commercial endeavors. CA/NDA and proof of funds or bank pre-approval is required.
Presenting one of the last significant parcels available in the Middle Keys! This expansive 1.61-acre property boasts over 200 feet of prime frontage on US Highway 1, making it an ideal location for high-visibility commercial or mixed-use development. The property includes a 2,979 sq. ft. commercial building and has site plan approval for eight residential market-rate units, offering an incredible opportunity to generate both commercial and residential income. The property also has an SRX liquor license approved by the city. The affordable housing density permits up to 24 units, aligning with city code to address local housing needs. Additionally, the property features three curb cuts on US 1, side street access via 75th Street, and a median cut for easy access from both directions. A high-profile billboard on-site provides exceptional signage visibility for businesses. There are also four existing ROGOs, with the option to negotiate these separately. Whether you're considering commercial, residential, or a mixed-use development, this strategically located parcel offers a rare opportunity to leverage the vibrant growth of the Middle Keys.
Huge triple, updated office unit divided into 5 offices, a lobby area, a storage room, and a break room with sink! 2nd floor corner unit facing US-1! Road signage available, and close to the center of town, this unit is in the main business corridor of Marathon. Town Square Mall is a busy commercial plaza with an elevator, 3 stairwells, public restrooms and plenty of parking. Tenant pays electric (each unit is metered separately); water and trash collection is included in rent. First and Security required, $3300 monthly plus state/county tax of 3.5%. Long term lease only (2+ years), a multi-year option is possible. Available now.
Prime corner location and fantastic commercial opportunity! This oversized CBS building has 3,429 sq feet of air conditioned space plus a double drive through and an open patio upstairs. Commercial zoning allows for many office or retail uses. Very visible 15,000 sq ft corner lot with ample parking for customers and employees.
Native Tax is a home-owned business that started in 1985 and includes all vehicles ( drivers will move with the new owner), websites, phone numbers, advertisers, and a client list, including agreements with local restaurants for food delivery and Marathon airport. There are many areas for growth, including the airport in Key West, other islands, and the Miami Limousine service. There are many possibilities. Advertising on the vehicles will transfer with ownership.
Rare chance to acquire an iconic restaurant, bar, and retail opportunity, with a uniquely versatile 5 COP unrestricted Liquor License. The sale includes real estate, renovated building, and a spacious 4+ -bedroom, 2-bathroom apartment on the second floor currently listed on Airbnb. The property boasts a large indoor bar and dining area with air conditioning, as well as an outdoor bar with a stage for live performances. Situated on the highly visible Overseas Highway, it offers over 340 feet of highway frontage, a prominent billboard for southbound traffic, and a historic neon sign visible to northbound travelers. There is plenty of parking for both employees and customers, and the property underwent major renovations between 2016 and 2017, with additional upgrades made recently. Included in the sale are all furnishings, fixtures, restaurant and liquor store equipment, coolers, and a unique 5 COP unrestricted liquor license, and inventory. The property also includes a transferable city of Marathon Market Rate TBR (Transferable Building Right.) and is licensed for 157 seats, covering both indoor and outdoor areas.Despite its established reputation for cold drinks, great food, a pub atmosphere, arcade games, and live music, there is still room for significant growth with hands-on ownership. This property offers a solid foundation and excellent potential for further expansion and success.The Overseas Pub& Grill has played a significant role in Marathon for over 70 years. Most recently the establishment has become the center of a robust philanthropic effort, spearheaded by key personnel, raising considerable funds for those needing help, both near and far.
Business & Real Estate - Now available is a unique opportunity to own both the real estate and the business of Captain Brian's Pool and Spa, a well-established and highly profitable pool and spa company in Marathon, FL. Located at 10699 Aviation Blvd, this turnkey business has been serving the Florida Keys since 2018, providing American-made hot tubs, pool supplies, and landscaping services to a loyal clientele of over 100 residential and commercial customers.Situated on a busy corner, this property offers high visibility and easy access, surrounded by other popular Marathon attractions. The building itself is solidly built with concrete block construction and has been well-maintained, boasting 4,284 sq. ft. of space that includes a large showroom and ample storage areas. The layout provides flexibility for future expansion, whether adding more retail space or extending services.Captain Brian's Pool and Spa is the exclusive dealer of Strong Spas in the Keys, positioning it as the go-to destination for luxury hot tubs and pool essentials. The business is currently generating substantial cash flow, with ample opportunity to grow through expanded services, increased hours of operation, or new product offerings.
PRICED WELL BELOW APPRAISER'S PRICE OPINION! Luxury Living OR Business Opportunity! This Gorgeous Vacation Home Offers A Highly Profitable Business & Tranquil Retreat From The Bustling World. Waterfront Views Are On Full Display In The Deep Sea Fishing Capital Of The Florida Keys! Completely Furnished, Turn Key, Short Term LICENSED Vacation Rental Offers Rarely Available 174 ft Dock AND Semi Private Boat Ramp. Plenty of Space for 4 plus boats or Yacht. This Impressive Home Sits On A Wide Canal With Direct Access To The Atlantic Ocean. With Stunning Water Views Boasting a Remarkable 6 FIGURE INCOME Annually. Also Boasting Those Breathtaking Waterfront Views! All 3 Large Bedrooms Offer Ensuite Bathrooms and Plenty Of Storage. Paradise is waiting for you here in the beautiful Florida Keys!
Perfectly located, highly visible office space ready for your business! This is a large double unit with reception area, several offices and a kitchen/break area. Adjacent to US-1, with road signage available, and close to the center of town, this unit is in the main business corridor of Marathon. Top floor unit, in a busy commercial plaza with an elevator, 2 stairwells (1 on each end of the plaza), public restrooms and abundant parking. Tenant pays electric (each unit is metered separately); water and trash collection is included in rent. First and Security required, $2100 monthly plus state/county tax of 3.5%. Long term lease only (2+ years), a multi-year option is possible.
GREAT OPPORTUNITY TO OWN WELL ESTABLISHED BEAUTY SALON OR SPACE TO SUIT BUYERS NEEDS. PROFESSIONAL OFFICES ONLY ALLOWED BY CONDO RULES. Great Location near major shopping hub in Marathon. Currently set up for 3-4 hair stylists, 2 private rooms for massage or esthetician, and room for manicurists. There is a laundry closet including washer and dryer, a stock room and unisex restroom.
Perfectly located, highly visible office space ready for your business! This is a large double unit with reception area, several offices/ treatment rooms and a private bathroom in the unit. Adjacent to US-1, with road signage available, and close to the center of town, this unit is in the main business corridor of Marathon. Top floor unit, in a busy commercial plaza with an elevator, 2 stairwells (1 on each end of the plaza), public restrooms and abundant parking. Tenant pays electric (each unit is metered separately); water and trash collection is included in rent. First and Security required, $2400 monthly plus state/county tax of 3.5%. Long term lease only (2+ years), a multi-year option is possible.Available September 1st
Casa Manana Shores, located in the heart of Marathon, is a developer's dream or a private owner's potential paradise. This secured gulf front estate offers 3.86 acres of land and is surrounded by an eight foot concrete wall with three gated entrances. The property boasts approximately 540 linear feet of Highway frontage and 695 linear feet of water frontage. It offers 218 feet of concrete dockage, including a cut-in protected boat slip. There is even room for a helicopter landing pad. This unique property is zoned mixed-use commercial and comes with one commercial transferable building right. It is currently a private residence with a separate garage and workshop. The 10,852 square foot mansion is solid concrete construction with concrete pilings and copper pipes. It has ten bedrooms, six and a half bathrooms, and a sauna, game room and great room. Repairs are needed, and the interior needs substantial updating. An attached partially screened enclosure holds an impressive 12 ft deep swimming pool that measures 25 x 50 ft. The garage/workshop is a separate structure with two rooms with mini split air conditioning. The existing structures could be demolished for those with a vision, leaving you with a 3.86 acre blank canvas in the center of town. Its versatile designation offers multiple possibilities for residential and/or commercial use. Over the years it has previously housed a motel with a marina, a 19-unit trailer park, and a restaurant. This property lends itself to a variety of development or rehabilitation possibilites to create the vision of your dreams!
Perfectly located office space ready for your business! Adjacent to US-1, with road signage available, and close to the center of town, this unit is in the main business corridor of Marathon. 2nd floor unit, in a busy commercial plaza with an elevator, 2 stairwells (1 on each end of the plaza), public restrooms and abundant parking. Tenant pays electric (each unit is metered separately), and internet/cable, trash collection is included in rent. First and security required, $1000 monthly plus state/county tax of 3.5%. 2 year minimum lease, longer option is possible. Available July 1st.
Commercial Space Directly in the Middle of Gulfside Village. Triple Net Long Term Lease with existing Verizon Wireless tenants. Excellent Visibility! Excellent Rental History! Gulfside Village offers ample parking spaces, clean shopping center and friendly retail owners. Unit 21 has 1,860 sq feet of space, half bathroom and large storage/office area in the back of the store. Please DO NOT DISTURB the existing tenants/company.
First time offered on the market, introducing two businesses for sale as one package deal - ''Marathon Bagel Company'' and ''Marathon Bagel Company at Islamorada''. The busiest and most well known bagel companies in Marathon and Islamorada with potential for expansion into other Keys, or even franchise opportunity across the state or nation. Marathon Bagel Company (Marathon) has been locally owned and adored since 2016; winners of multiple ''Best of Marathon'' People's Choice awards - ''Best New Business'' (2017, 2018), ''Best Breakfast'' (2021, 2022, 2023), and ''Best Family Owned Business'' (2022). Marathon Bagel Company at Islamorada opened in 2022 with lease in place through 2025 with two (3) year renewal options. Marathon location has all of the ''bagel producing'' equipment and delivers fresh bagels to Islamorada daily. Bagel equipment can make 3,000 bagels per day! Opportunity to purchase the ''Marathon Bagel Company'' van for catering, delivery, or expansion opportunities too. All LLC's, machinery, inventory, supplies, recipes, equipment, going concern, and goodwill convey. No real estate included. Executed NDA required to receive financials. Showings for qualified buyers available during close of businesses only. If you've been looking for an opportunity to relish in the bagel world in the Florida Keys, this is it! Islamorada Business also offered for $350,000 individually (MLS: 610230).
Perfectly located, highly visible office space ready for your business! Adjacent to US-1, with road signage available, and close to the center of town, this unit is in the main business corridor of Marathon. Top floor unit, in a busy commercial plaza with an elevator, 2 stairwells (1 on each end of the plaza), public restrooms and abundant parking. All flooring was just replaced and unit was recently painted. Tenant pays electric (each unit is metered separately), water and trash collection is included in rent. First and security required, $1000 monthly plus state tax. Long term lease only (2+ years), a multi-year option is possible. Available April 1st!Do not disturb tenant.
A rare and unique income producing Hotel in Marathon. Tropical Cottages is a boutique & profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. 9 buildings on the property, 8 adorable free standing cottages with new Victorian shingle roofs & the main building with 3 rooms in good condition. Each room has been tastefully and tropically renovated inside and out. Each room is unique & comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck and Tiki Bar are leased for $6,000 per mos on a short term agreement. The Motel is managed by Owners . The hotel runs on auto-pilot. Online check-in available with a good housekeeping staff as back up. Most of the business is from repeat customers, plus online booking sites are all utilized.On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small, friendly & efficient staff has been there long term and willing to stay on with new owners. There are a total of 6 lots encompassing over 1/2 acre of land, total .56 Ac or 24,384 sf. Ample off street parking for guests. Zoning is GC and land use is recognized as Hotel/Motel. Bonus of Deeded waterfront access at the end of 61st St. which has a boat ramp and staging area for all types of watercrafts and sports. Same family ownership since 2010. Tropical Cottages was started back in the mid 1950's as a Fish camp and is one of the few remaining Mom & Pop Motels throughout the Florida Keys. Motel generates substantial Net income year after year to current owners. Sellers may consider Seller Financing to a qualified buyer and must have 40%-50% or more down payment. Terms to be negotiated.
ATTENTION ALL INVESTORS! Don't miss this opportunity of a lifetime that has just come about after being in the family for over 50 years, the largest stand alone commercial warehouse building 7,130 sqft in Marathon, is now up for sale, built in 1974 and totally remodeled in 2018/2019 with a new hurricane rated commercial grade metal roof, completely rewired with all new LED lighting, new HVAC systems, remodeled ADA compliance bathrooms, interior and exterior walls painted, new hurricane proof loading area door, fully insulated and landscaped. This property is located directly off HWY US1, with great visibility and highway frontage access.What makes this property appealing to all investors is the well- established long term nationally recognized tenant (Advanced Discount Auto Parts) who has occupied the building since 1991 (33 years) (Absolute NNN + Lease), with no expenses to the owner whatsoever, the nationally recognized tenant maintains all the building expenses and property maintenance, including maintaining the roof, HVAC systems, plumbing, electrical, exterior and interior walls and the property. The tenant is also required by the lease to be responsible for all insurances, including providing liability insurance for the tenant and the landlord, flood, wind and fire insurance, plus all taxes accessed on the property including the sales and use taxes. All these expenses are approximately 45K to 55K annually and paid by the tenant directly, not including any and all maintenance expenses paid by the tenant. So don't miss this opportunity!!Absolute NNN + Lease in place until 2032:March 2022 to Feb. 2027: $5,954.00 per monthMarch 2027 to Feb. 2032: $6,527.00 per month ..(3) additional 5-year tenant renewal options starting in 2032 and ending in 2047. 6th Extension: March 2032 to Feb. 2037 $9,000.00 monthly, 7th Extension: March 2037 to Feb. 2042 $10,000.00 monthly, 8th Extension March 2042 to Feb. 2047: $11,000.00 monthly
Waterfront multifamily. More than one acre on the water. Demo existing multifamily and rebuild to suit. Adjacent commercial lot included in sale (parcel id 00101610-000300). Many possible uses. See attachment. Call today.
Commercial property along US 1 with highway frontage. This property features an 8,091 sq ft. lot and 1,784 sq ft. Double-sided billboard included producing $2,000 monthly. Zoned for mixed-use commercial, it offers versatile business potential, as well as outside storage. Currently a residence, presenting an opportunity for conversion to commercial use.
Professional cooperative office space for lease in an upscale, modern office building. Various office sizes available. 5.5X11.5 space is $850 per month. There are two of these spaces available as well as one smaller and one larger office. Other tenants are real estate brokers and vacation rental managers. Use of common spaces, kitchenette, and two conferences spaces. All utilities are included. Good parking, signage available. US across from new Circle K. Onwer is licensed FL Broker
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Marathon is located in Florida. Marathon, Florida has a population of 9,622. Marathon is more family-centric than the surrounding county with 21.39% of the households containing married families with children. The county average for households married with children is 20.65%.
The median household income in Marathon, Florida is $63,375. The median household income for the surrounding county is $73,153 compared to the national median of $69,021. The median age of people living in Marathon is 48.9 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 62.8 degrees. The average rainfall is approximately 45.1 inches per year, with 0 inches of snow per year.
