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12685 Overseas Highway

Marathon, FL 33050
  • $7,975,000
  • STATUS: Active
  • ON SITE: 198 Days
  • MLS #: 607580
UPDATED: 88 min ago
$7,975,000
  • 0
    BEDS
  • 3.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,619
    SQFT
  • $1,419
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Description

Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Previously existing 550+ dockage, which can be replaced, accessed directly to navigable boating channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property and Marina license may transfer. Seller has Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities. DO NOT ENTER PROPERTY without permission and appointment

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyshomenetwork.com/homes/145523120
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12685 Overseas Highway Marathon, FL 33050

  • Price: $7,975,000
  • Status: Active
  • On Site: 198 Days
  • Updated: 88 min ago
  • MLS #: 607580
0
Beds
0
Baths
0
½ Baths
3.54
Acres
5,619
SQFT
$1,419
$/SQFT
1957
Built
Neighborhood:
Driftwood Estates (54.0)
County:
Monroe
Area:
18 - East Of Holiday Inn Us #1 & Coco Plum
Property Description
Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Previously existing 550+ dockage, which can be replaced, accessed directly to navigable boating channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property and Marina license may transfer. Seller has Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities. DO NOT ENTER PROPERTY without permission and appointment
Exterior Features

Construction Other Dockage Dock Other Land Size 2 Less Than 5 Acres Lot Size 184'X 535 irregular Miscellaneous High Traffc LocationOpen Water ViewHighway FrontageHigh Visibility Side Ocean Style Commercial Vehicle Storage Off Street Parking Waterfront Oceanfront Waterfront YN Yes Waterview Harbor/Marina View

Interior Features

Appliances No Appliances Net Leasable Area 5619.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name not included City MARATHON Commercial Type MarinaRetailOther Comrcl Style Control Depth 5 Deed Restrictions Unknown Fee Includes None Flood Zone AEAE Legal See Lengthy Legal Description in Documents tab License Info Other/See Remarks Listing Board Marathon/Lower Keys Mile Marker 54.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Property Data Card Tax Year 2023 Taxes 23168.71 Terms Seller Finance Psble Title Negotiable Total Units 0.00 Utilities FKAAMunicipal Sewer Zoning MU - Mixed Use Commercial Mixed Use

Listing courtesy of Joshua Mothner of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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