The median home value in Marathon, FL is $980,000.
This is
higher than
the county median home value of $660,000.
The national median home value is $308,980.
The average price of homes sold in Marathon, FL is $980,000.
Approximately 34% of Marathon homes are owned,
compared to 28% rented, while
38% are vacant.
Marathon real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Marathon real estate agent to arrange a tour today!
Learn more about Marathon.
Prime Commercial property in Marathon. Large Commercial Lot, .58 acres or 25,455 sf. with 146' frontage on Overseas Hwy x 175' deep. Zoning is MU Mixed Use with many commercial uses possible. Great location with good visibility bayside and in front of Faro Blanco Resort and Marina and the Marriott Courtyard Hotel. Existing 1,827sf. CBS building in average condition and does need repairs. In addition, 1,000 sf. canopy recognized by the City. Two existing bathrooms accessed outside, each with a shower stall and toilet. AE flood zone. Same family ownership since 1995.
Local Marathon Taxi business ready to go opened seven years and counting . Well established and highly respected with excellent reputation. 4.5 stars on trip advisor, 4 stars on YELP. Less than any ride share, operates with four vehicles, two in excellent condition come with the business the second two are negotiable. Independent contractors will follow the company. All vehicles come with tracking and todays state of the art AI cameras as well as website, and commercial insurance, Native also has food delivery and has chauffer capabilities. Native has transported Rock Bands from Miami, Key West airport rides plus much more. Ready to expand to meet your dreams.
Local Marathon Taxi business ready to go opened seven years and counting . Well established and highly respected with excellent reputation. 4.5 stars on trip advisor, 4 stars on YELP. Less than any ride share, operates with four vehicles, two in excellent condition come with the business the second two are negotiable. Independent contractors will follow the company. All vehicles come with tracking and todays state of the art AI cameras as well as website, and commercial insurance, Native also has food delivery and has chauffer capabilities. Native has transported Rock Bands from Miami, Key West airport rides plus much more. Ready to expand to meet your dreams.
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.
Formerly the Grassy Key Outpost. This property was a hidden gem pre-Irma. At this time this not an on-going business.The building was extensively upgraded in 2013 with new electric plumbing, impact windows. Irma did damage the equipment as water infiltrated the building via the grease trap. The building was cleaned up immediately after Irma. The AC units were replaced shorthly after Irma.The beer cave and walkin cooler in the backroom is still in place, as is the pizza oven and other items related to the former restaurant - bar. There are flood doors for all openings and meet all FEMA requirements. The bar is still in great condition (handcrafted by Made in the Shade)This building is ready to get back on Tripadvisor, as one of the best stops in the Keys.
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. Ideal new owner should be present locally to run/manage the companies. 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!
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. Ideal new owner should be present locally to run/manage the companies. 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!
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. F/L/S 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 & very profitable Mom and Pop Motel. Total of 11 valuable Transient Licenses, 13 Rooms plus office with kitchen & check in room. There are 9 buildings on the property, 8 adorable free standing cottages and the main building with 3 rooms. Each room has been tastefully and tropically renovated inside and out. Each room is unique and comes fully furnished. Most of the units have small kitchenettes including sink with microwave and refrigerator. All units have refrigerator & microwave. Each of the cottages have shiny new Victorian shingle roofs. Additionally, there is a large Tiki Hut & Bar along with Food Truck with seating area. The Food Truck is leased for $5,000 per mos. and the Tiki Bar operations are owner operated. Both add to income and a great amenity for the guests. On site is a full laundry room with Commercial grade washers/dryers and storage rooms throughout. All housekeeping is done on site. Small but 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. There is 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. Priced at just over 7% cap rate. 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.
Here's a fantastic opportunity to own the largest standalone commercial warehouse building (7,130 Sqft) in the Heart of the Florida Keys, also known as 'Marathon' Key. Built in 1974 and totally remodeled in 2018/2019 which included a new commercial grade metal roof, wiring, lighting, HVAC systems, bathrooms and landscaping. This property is conveniently located just over the 'Vaca Cut' bridge at the northern part of Marathon, directly off HWY US 1, with great visibility and highway frontage acess. What makes this property even better and more appealing to investors is the well-established long term nationally recognized tenant (Advance Disct Auto) who has occupied the building since 1991 (33 years).This is an excellent investment opportunity with an Absolute NNN + Lease, with no expenses to the owner whatsoever, the nationally recognized tenant maintains all; building and property maintenance, including the roof , exterior and interior walls, property taxes, all insurances; including liability, flood, wind and fire plus all Florida sales and use taxes. All these expenses are approx. 35K to 45K annually. So, don't miss this opportunity to have the largest free standing building with a well established corporate tenant and an easily managed property having an AbsoluteNNN + lease in place.Property recently appraised at $ 1.8 in Jan. of 2024!6.0% cap rate @ $ 1.8 to Feb, 2027 (3 years)6.5% cap rate @ $ 1.8 to Feb. 2032 (5 years)There is in place (3) additional 5-year tenant renewal options to the lease starting in March of 2032 ending in Feb. of 2047.
US Highway #1 Commercial at 12th St Gulf in Marathon, Florida. Site currently is leased to trailer sales/repair business plus billboard lease. See information package for commercial & billboard lease terms.
Welcome to your ideal commercial space for auto repair in Marathon, Florida! This strategically located building is designed to meet all your automotive business needs. Take advantage of its prime position just off the Overseas Highway, ensuring maximum exposure for your enterprise. The building is fully equipped for auto repair, featuring two spacious car bays and multiple car lifts. Whether you're conducting routine maintenance or more complex repairs, this space is tailored to streamline your operations. Efficiently manage your business with the included office space. A dedicated area for paperwork, client consultations, and administrative tasks ensures a well-organized workspace. Additionally, ample storage space is available for your tools and equipment. Enhance your capabilities with an additional concrete ramp lift on the side of the building. This feature adds versatility to your services, allowing you to handle a variety of automotive projects. Strategic Location Situated right off the Overseas Highway, your business will benefit from high visibility and easy accessibility. This prime location is sure to attract passing traffic and potential customers, boosting your brand presence. Enjoy the convenience of rear access via 105th Street, providing an alternate entry point for deliveries, staff, or clients. This accessibility adds flexibility to your business operations. The building includes 1 bd/ 1 ba apartment on the upper floor. This presents a unique opportunity for added income or provides a comfortable living space for on-site management.This commercial property is not just a workspace; it's a strategic investment in the success of your auto repair business. Take advantage of the comprehensive facilities, prime location, and additional income potential. Don't miss out on this opportunity to elevate your automotive business. Contact us today to schedule a viewing!
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.
BUSINESS OPPORTUNITY ONLY, NO REAL ESTATE. See MLS #608219 for sale of business with the real estate. Dot Palm is the most recognized landscaping and tree service company in the Florida Keys. Central location in Marathon, halfway between Ley Largo and Key West.
INCLUDES REAL ESTATE AND BUSINESS. Dot Palm is the most recognized landscaping and tree service company in the Florida Keys. Central location in Marathon, halfway between Ley Largo and Key West. Property is a high visibility, high traffic location on US 1. This includes both the real estate and equipment. See MLS # 608220 for business opportunity only.
Remarkable opportunity to build a direct highway frontage commercial building in the heart of the Keys! This could be an owner occupied business or investment property. Previous plans called for five units of 1000sqft (retail & professional services) in one building for a total of 5,000sqft. Owner is also open to a ground lease depending on terms. Residential TBR that was connected to this lot has been split off and sold. This listing is for the lot only. Phase 1 complete, ready for your buildout!Do not walk property, it is fenced/locked.
High visibility local seafood restaurant and market available for sale. Includes Real Estate, all furnishings, fixtures, and equipment (FF&E.) Property provides ample parking for 160 seat restaurant with a 6COP SRX Liquor License. Well established location known by locals and visitors alike. Multi-faceted operation with 2,066 sq ft containing high quality dining, fresh seafood market, catering, seafood shipping operation, and tiki bar. Business added 700 sq ft of open deck for extra seating and liquor license in 2022. Owner is extremely active and generous in not only the Marathon community but Keyswide. Stepped up during Covid to provide food for those in need, as well as finding hard to obtain items for locals to purchase. Value proposition is Growth, growth, growth for this business as profits have been invested back into the business. Real Estate consists of 3 acres +/- acres, 11,761 sq ft of which is a corner lot including improvement and 60 +/- linear feet on US 1, with Signage and centrally located in Marathon's main commerce bubble. The remaining 2.73 acres is deemed environmentally sensitive.
Corner of US & 107th St Gulf. Zoned Industrial. Three separate spaces all leased. Concrete structures with concrete roofs, copper shingle mansard, adequate parking for restaurant and other commercial office. Retail & industrial uses. 200 amp electric service. Surveys, leases and insurance information available from LA