65 Transient Residential Units (TRUs)
Transferable Development Rights in Marathon, Florida
Marketing description
The “Sender Site”, located on the south side of Overseas Highway Route 1 near Mile Marker 50, is offering for sale up to 65 Transient Residential Units (TRUs). Transient Residential Units are transferable development rights governed under the City of Marathon.
These allocations are being offered in bulk or in tranches to qualified developers and hospitality operators. TRUs are the foundational entitlement required to construct or operate hotel rooms, motel units, resort villas, RV Parks, or any transient lodging within Marathon city limits. The City of Marathon maintains a fixed, non-renewable pool of transient allocations. No new TRUs are created by the City.
Any developer seeking to build or expand a hospitality asset in Marathon must source TRUs from existing holders, making this offering a rare opportunity.
Marathon, FL is positioned at the geographic center of the Keys, about 50 miles from Key West, 110 miles (2 hrs 10 mins) from Miami and Miami International Airport (MIA), and 2 miles from Florida Keys Marathon International Airport (MTH).
Investment highlights
- Up to 65 TRUs Offered in Bulk or Tranches: TRUs are the foundational entitlement required to build or operate any hotel, motel, resort villa, or transient lodging unit in Marathon. Available to qualified developers and operators in bulk or in tranches.
- A Fixed, Non-Renewable Allocation Pool: The City of Marathon caps transient allocations at a hard limit. No new TRUs are ever created; developers must source units from an existing holder.
- Rare, Time-Sensitive Opportunity: With no new allocations ever issued, this bulk offering is a scarce, time-sensitive chance to secure Marathon's core hospitality entitlement before another buyer does.
- Structurally Undersupplied Market: Marathon's fixed-allocation system, unique to the Florida Keys, creates a persistent gap between rising lodging demand and a room supply that cannot expand.
- Flexible Across Multiple Business Plans: TRUs support ground-up hotel or resort-villa development, boutique hotel/motel conversion, condo-hotel programs, RV Parks, or transient rental repositioning.
- Portable, Transferable Development Rights: TRUs can be deployed across qualifying sites within Marathon, giving an acquirer flexibility in site selection, phasing, and portfolio strategy.
- Proximity to Boot Key Harbor, Sombrero Beach & Reef: Boot Key Harbor draws boaters and anglers year-round, while Sombrero Beach and Reef bring divers and snorkelers together, anchoring steady transient lodging demand.
- Heart of the Florida Keys: Positioned at the geographic center of the Keys, about 50 miles from Key West, 110 miles (2 hrs 10 mins) from Miami and Miami International Airport (MIA), and 2 miles from Florida Keys Marathon International Airport (MTH).
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