Aerial view of a property with two dwelling units outlined in red, near US 1 and Lot 2, with a waterway nearby.

Large Lot With 4 Residential Property Rights

$1,800,000
  • 4 Rooms
  • 4 Bathrooms
  • ~280.29 m² Total surface
  • ~280.29 m² Living area

Description

Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.
Features
Air-conditioning
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Engel & Völkers

Your advisor: Stephany Duvall

Property ID: AM-5079932

Property details
  • Property type

    House

  • Rooms

    4

  • Bathrooms

    4

  • Total surface

    ~280.29 m²

  • Living area

    ~280.29 m²

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Houses for sale in Marathon

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