319 Tuskegee Street
About This Property
This vacant, cleared corner lot sits in one of Marathon's most convenient and high-visibility locations. Directly across from Racetrac, the public library, Marathon High School, Fishermen's Hospital, Starbucks, mini golf, City Marina, the boat ramp, and the events park, this property offers unbeatable access to the best of the Middle Keys.
Whether you're looking to build, invest, or secure a strategic commercial or mixed-use opportunity, this lot places you at the center of Marathon's activity hub.
Seller financing makes this an even more accessible opportunity. Seller will consider all reasonable offers.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$199,000
↓ $30K
(13.1%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by LoKation | $229,000 | |
| Listed by LoKation | |||
| Jul 23, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Ocean Sotheby's International Realty | $335,000 | |
| Listed by Ocean Sotheby's International Realty | |||
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Offering a gulf-side, vacant, corner lot with building rights. It is conveniently located behind the new ''Race Track'' gas station, close to the school, hospital, restaurants, shops, and entertainment. This is a prime opportunity to own your piece of the fabulous Florida Keys.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017