Home » Properties » 14 125th Street Gulf, Marathon FL 33050

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Mixed-Use Waterfront Property in Marathon, FL

Rare waterfront redevelopment site with 100' frontage and deep water dockage in Marathon, FL. Zoned for mixed-use with active permits.

$3,549,000

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MLS #A11768333

Listing Updated: 2026-07-14 18:42:54

Listed By: LoKation

Overview

This exceptional commercial mixed-use property in Marathon, Florida offers a rare 100-foot waterfront frontage with approved deep water dockage. Spanning 74,890 sqft, the site holds an active conditional use permit allowing for up to 10 market-rate residential units and 4 affordable staff group home units. The zoning supports various commercial and residential possibilities, including boutique hotels or higher density affordable housing. The property includes a two-story 6,128 sqft CBS building with 2,340 sqft of outdoor porches, providing versatile space for business or residential use. Located near Vaca Cut and the airport, it offers convenient ocean and bay access, ideal for a variety of mixed-use developments.

Property Highlights

100' waterfront frontage, deep water dockage approved, 74,890 sqft site, mixed-use zoning, active conditional use permit, 2-story 6,128 sqft building, near Vaca Cut and airport, flexible commercial-residential options.

Property Details

City: Marathon

State: FL

Zip Code: 33050

Address: 14 125th Street Gulf, Marathon FL 33050

Year Built: 1995

Property Type: Commercial Sale

Property Sub Type: Mixed Use

Listing Office Name: LoKation

County: Monroe County

Garage Spaces:

Parking Features: Additional Spaces Available, Common

Interior Features:

Exterior Features:

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $26,627

Days On Market: 453 Days

Original Listing Description

RARE 100' of waterfront re-development opportunity w/ DEEP WATER DOCKAGE APPROVED! 200' HIGHWAY FRONTAGE! Huge 74,890 SQ FT site with ACTIVE Conditional Use PERMIT for 10 unit & 4 affordable staff group home units, price. 6 TDR's available plus more. No TDR's required for pure commercial use! MIXED USE ZONING - many commercial-residential possibilities, e.g.: up to 10 market rate units, higher density w/ affordable housing, or boutique HOTEL, etc. Includes 2 story raised CBS 6,128 SQ FT building that could be used in many different ways, plus 2,340 SQ FT of outdoor porches. Near Vaca Cut for easy Ocean-Bay access, near airport, SHORT-TERM RENTALS! Contact Peter for info and tour of this amazing opportunity. THE KEYS LIFESTYLE - live, work, business, family compound - do it all right here!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

14 125th Street Gulf, Marathon FL 33050

About This Neighborhood

Located in Marathon, this property benefits from a well-established community known for its coastal lifestyle and accessibility. The neighborhood offers proximity to key transportation routes, including nearby airport access and Vaca Cut, facilitating easy movement between ocean and bay waters. Marathon's blend of residential and commercial areas supports a variety of business and living arrangements, making it suitable for mixed-use development. The community enjoys a relaxed atmosphere with local amenities catering to residents and visitors alike.

Walkability & Lifestyle

The property’s location offers reasonable walkability to nearby commercial establishments, dining options, and waterfront areas. Residents and visitors can enjoy access to local shops, restaurants, and recreational spots within a short drive or walk. The surrounding neighborhood supports a lifestyle that balances convenience with the tranquility of coastal living. Outdoor activities and water-based recreation are easily accessible, enhancing daily living experiences.

Things To Do Nearby

Marathon is known for its vibrant outdoor lifestyle, including boating, fishing, and beach activities. The property’s proximity to Vaca Cut provides excellent opportunities for water sports and marine exploration. Nearby parks, marinas, and dining venues offer diverse options for leisure and entertainment. Cultural events and local attractions contribute to a dynamic community atmosphere, appealing to residents and visitors alike.

Nearby Schools

Marathon provides access to several educational institutions serving the local community. Families considering residential development in the area will find convenient options for primary and secondary education within reasonable distances. The community supports a family-friendly environment with schools that contribute to neighborhood stability and appeal. Proximity to educational facilities enhances the attractiveness of mixed-use projects incorporating residential units.

Why Buyers Like This Area

Buyers appreciate this Marathon property for its rare waterfront frontage combined with mixed-use zoning flexibility. The active permits and deep water dockage approval provide a foundation for varied development projects. Its location near key transportation hubs and ocean access enhances convenience and lifestyle appeal. The property’s size and existing structures offer multiple possibilities, making it attractive for those seeking a unique commercial-residential opportunity in the Florida Keys.

Investment Potential

This waterfront property in Marathon presents a unique redevelopment opportunity with flexible mixed-use zoning. The active conditional use permit allows for residential units and affordable housing, attracting diverse development options. Its location near Vaca Cut and the airport enhances accessibility and appeal for tenants and customers, supporting potential demand for commercial and residential uses. The approved deep water dockage adds value for marine-related businesses or lifestyle amenities. While the property offers promising versatility, prospective buyers should consider market conditions and development costs carefully.

Market Trends

The Marathon real estate market maintains steady interest due to its strategic location in the Florida Keys. Mixed-use properties with waterfront access are particularly sought after for their development potential. Inventory levels for large redevelopment sites remain limited, contributing to sustained buyer attention. Demand for properties that combine residential and commercial uses aligns with broader trends favoring flexible urban planning and lifestyle integration. Market participants value locations that offer both accessibility and unique waterfront features.

Rental Income Potential

Given its mixed-use zoning and waterfront location, this property has potential appeal for tenants seeking residential units or commercial space with marine access. The proximity to Vaca Cut and local amenities supports demand from seasonal visitors and longer-term renters. While rental income cannot be guaranteed, the site’s versatility and location may attract diverse tenant profiles, including hospitality, retail, and residential users. Investors should evaluate local rental market conditions and regulatory considerations for short-term rentals.