$2,675,000
Marathon, FL 33050
MLS# 119314
Status: Closed
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Property Description
Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.
Details
Contract Information
Current Price: $2,675,000
Listing Date: 2014-02-04
Listing Board: Key West Association
Leased Price Monthly: $2,675,000
Limited Representation: Yes
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location, Tax & Legal
Street #: 1458
Street Name: Coral
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: W R Thompson Sub (48.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 43695
Waterfront: Yes
Control Depth: 6
Business Name: Captain Pip's
Year Established: 1958-01-01
Total Units: 15
Year Built: 1958
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: 2
Dockage
Dock: Other
Seawall: Other
Financial Status
Potential Short Sale: No
Status Change Info
Under Contract Date: 2014-04-29
Leased Date: 2014-05-01
Leased Price Monthly: $2,675,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Hotel/Motel; Marina; Retail
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Open Water View
Dockage: Basin; Boat Slip; Dock Privileges
Cooling: Ceiling Fans(s); Central Air; Heat Pump
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room
Miscellaneous: High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage
Construction: CBS
Roof: Concrete Roof
Land Size: 1 Less Than 2 Acres
Property Rights: Transient License
Listing Office: Royal Palms Realty (KW)
Last Updated: September - 09 - 2024
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