$1,600,000
Marathon, FL 33050
MLS# 582363
Status: Closed
9 beds | 9 baths | 3638 sqft
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Property Description
Rare to the market, waterfront Motel/Botel. Well established business with the same owners for 32 years. Property is comprised of one freestanding building, 8 transient units ranging from (5) kitchenette to (3) standard canal front rooms, one (1)- bedroom managers apartment, front desk, laundry and 170' of dockage. Incredible location with direct Overseas Highway exposure. The motel enjoys canal frontage, boat ramp , direct Gulf and Ocean access. Walking distance to Capt. Hooks Marina, Aquarium Encounters, restaurants & shopping. The property is well maintained and has had several upgrades in the past year (roof, landscaping, appliances, and more). Rated 4.5 stars on Trip Advisor. Own your piece of paradise in the heart of Marathon.
Details
Maps
Contract Information
Current Price: $1,600,000
Listing Date: 2018-10-17
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $1,600,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 12020
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Hawaiian Village (53.5)
County: Monroe
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 50x95
Lot SqFt: 19230
Waterfront: Yes
Control Depth: 4
Business Name: Royal Hawaiian Motel
Year Established: 1960-06-01
# Stories: 1
Total # Buildings: 1
Building SqFt: 3638
SqFt Source: Property Data Card
Living Apx SqFt: 3638
Year Built: 1960
Total Bedrooms: 9
Full Baths: 9
Total Baths: 9
Association Info
Mandatory Home Owners Asc: No
Condo Doc's: No
1st Right of Refusal: No
Misc Property Info
Recorded Plat: Yes
Dockage
Dock: Wood
Dock Length: 170
Property Info
# Kitchens: 6
# Efficiencies: 5
# Refrigerators: 6
# Washers: 1
# Dryers: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2019-05-28
Leased Date: 2019-08-19
Leased Price Monthly: $1,600,000
Status: Closed
Property Features
Deed Restrictions: No
Property Info: License Included
Type: Hotel/Motel
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Ramp
Vehicle Storage: Common Parking; Guest Parking
Cooling: Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Furnished
Appliances: Refrigerator
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Pool; Utility Building
Construction: CBS
Electric: Circuit Breakers
Shutters: Panel
Floor: Tile
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Buyer Obtain Finance
Title: Title Ins - Buyer
Property Rights: Transient License
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate
Last Updated: September - 10 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.