$1419.29 Per Sq Foot $42,812 est/mo Sourced by Back At You

12685 Overseas Highway,Marathon, FL 33050

Marathon FL, 33050

Share with a friend

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

Details

MLS#607580
Listing TypeFor Sale
Building Namenot included
Sub-TypeResale
StatusActive
Year1957
Days On Site143
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Joshua Mothner

Features

SQ Feet5,619
ZoningMU - Mixed Use
Acreage3.54
Water FrontYes

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

Realtor Mls Logo PNG Vector (EPS) Free Download

Request a showing

Request a showing

Loading Form
StateFL
CountyMonroe
CityMarathon
Zip Code33050
Area18 East of Holiday Inn US #1 & Coco Plum
Community NameDriftwood Estates (54.0)
Listing VS Median (in Driftwood Estates (54.0))
Price:
$7,975,000
low | high
Med:
$7,975,000
50% of Average
SqFt:
5,619
low | high
Med:
5,619
50% of Average
$ / SqFt:
$1,419
low | high
Med:
$1,419
50% of Average
On Site:
143
low | high
Med:
143.000000
100% of Average
Sourced by Back At You
Listing Updated: January 25, 2024 at 4:24:38 PM PST