59073 Overseas Hwy

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59073 Overseas Hwy

marathon, FL 33050
Asking Price
$2.00M
Asset Type
Retail
Class
Class B

What's Special

59073 Overseas Highway is situated in Marathon, Florida, within the heart of the Middle Keys. This retail property occupies a high-visibility position directly along US-1, the primary transportation artery connecting the Florida Keys to the mainland. The surrounding neighborhood is a mixture of established local businesses, residential communities, and vacation rentals. Nearby amenities include the Florida Keys Marathon International Airport, several full-service marinas, and public beaches. The location benefits from a steady flow of vehicular traffic consisting of both year-round residents and seasonal tourists traveling through the island chain. The property’s orientation and zoning make it suitable for a variety of retail applications, including specialty boutiques, equipment rentals, or service-oriented storefronts. The ideal tenant profile typically includes established regional retailers or local businesses seeking to capitalize on the high drive-by visibility of the Overseas Highway. Given the area's economic focus, the site is well-positioned for tenants catering to the marine, tourism, or home improvement sectors. The layout offers flexibility for businesses requiring prominent signage and convenient customer access directly from the main thoroughfare.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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