58182 Overseas Highway
Marathon, FL 33050

$4,999,000

Description

Three oceanfront parcels (2.5 acres) with 23 transient rental licenses, hotel, and an elevated 2,100 sq. ft. single family home. The hotel (with SF home) has 11 of the transient licenses and is a combination of 2, 3 and 4 bedroom individually metered (condo?) units that average 1,125 sq. ft. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC. There are 2 pools, dock, parking (some covered), and 500 lineal feet of oceanfront. Directly on US 1. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Recreational, Apartments, Vacation Rentals and more. Nine additional transient licenses can be purchased separately to make a total of 32

Details

MLS#579903
StyleRetail
Sub-TypeResale
StatusContingent
Year2000
Days On Site85

Features

SQ Feet15,186
Story(s)2
ZoningMU - Mixed Use Commercial Mixed

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
SubareaOutside of Key West
Listing VS Median (in 33050)
Price:
$4,999,000
low | high
Med:
$489,000
100% of Average
SqFt:
15,186
low | high
Med:
0
100% of Average
$ / SqFt:
$329
low | high
Med:
$0
100% of Average
On Site:
85
low | high
Med:
479
17.745302713987% of Average
Listing Updated: 07/19/2018
MLS Number: 579903
Listing Provided By:
Karen J Lane  of  Berkshire Hathaway Knight Gardner Realty (KW)