Prime Florida Keys Frontage with Waterfront Access & Rare Drive-Thru Approval
For lease12790 Overseas Hwy, Marathon, FL 33050
Property type
Retail
Unit / Space count
1
Lease rate
Negotiable
Lease term
Price
Negotiable
Building size
1,372 sf
Rentable area
1,372 SF
Year built
1981
Year renovated
Property class
C
Occupancy
Zoning code
Lot size
1.11 Acres
Property description
The subject site encompasses approximately 1.24 acres with direct frontage along Overseas Highway (US-1), which carries approximately 23,000 AADT, ensuring exceptional visibility and exposure to both local and tourist traffic. The parcel also provides waterfront access with seven dock slips, offering unique ancillary income potential and enhanced utility rarely found in retail-oriented properties. The lot is well positioned for high-demand commercial uses and benefits from Marathon’s central location between Key Largo and Key West.
Property highlights
- Multiple Transaction Structures: Available for purchase, lease, ground lease, or build-to-suit, offering flexibility for owner-users, developers, and investors.
- Additional Revenue Potential: Seven dock slips are included, providing an ancillary income stream rarely available with retail assets in the Florida Keys.
- Rare Drive-Thru Entitlement: Fully approved drive-thru—a highly defensible and irreplaceable feature in the Marathon and Upper Keys market, where zoning and environmental restrictions make approvals extremely difficult to obtain.
- Prime Overseas Highway (US-1) Frontage: Direct frontage along the only arterial through the Florida Keys ensures exceptional visibility, strong traffic counts, and consistent exposure to both local and tourist traffic traveling between the mainland and Key West.
- Severe Supply Constraints & High Barriers to Entry: Extremely limited commercial land and drive-thru-capable sites support sustained tenant demand, pricing power, and long-term value in one of Florida’s most supply-constrained retail markets.
- Broad User Appeal: Ideal for high-demand drive-thru users including QSR, coffee, medical or urgent care, banking, pharmacy, and convenience-oriented tenants seeking entry into a restricted coastal market.