$1,775,000
Marathon, FL 33050
MLS# 586558
Status: Closed
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Property Description
1.05 +/- acres of palm studded ocean front withsandy beach zoned Mixed Use Commercial zoned uplands plus 0.52 acres bay bottom. Land is cleared and ready for re-development and conveys with Building Rights for 12 Transient Units, 1 Market Rate Unit and 1322 sq.ft. of commercial sq. footage which can be redeveloped onsite. Flood Zones are VE 10, 11 and 13'. All utilities including water, electric and central sewer are available to the site. 242' of frontage on US #1 and the Atlantic Ocean. This was previously the site of the Seashell motel and Gallagher's restaurant. Call LA for full package including survey and letter of determination of building rights vesting the property.
Details
Maps
Contract Information
Current Price: $1,775,000
Listing Date: 2019-07-19
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $1,775,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 57612
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Crains Sub (58.0)
County: Monroe
Area: 19 - Crawl Key & Grassy Key
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 45780
Waterfront: Yes
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2019-11-01
Leased Date: 2019-11-22
Leased Price Monthly: $1,775,000
Status: Closed
Property Features
Type: Hotel/Motel
Waterfront: Oceanfront
Waterview: Ocean View; Open Water View
Dockage: None
Utilities: Buyer to Verify
Appliances: No Appliances
Construction: Other
Land Size: 1 Less Than 2 Acres
Fee Includes: Other
Listing Office: Coldwell Banker Schmitt Real Estate Co.
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.