12020 Overseas Highway 8, Marathon, FL 33050 (MLS# 582363)

12020 Overseas Highway 8, Marathon, FL 33050

$1,600,000

Property Type: Commercial Sale Bedrooms: 9 Baths: 9 Square Footage: 3,638 Lot Size (sq. ft.): 19,230 Status: Closed

Current Price: $1,600,000 List Date: 10/18/2018 Last Modified: 9/10/2024

Overview

Description

Rare to the market, waterfront Motel/Botel. Well established business with the same owners for 32 years. Property is comprised of one freestanding building, 8 transient units ranging from (5) kitchenette to (3) standard canal front rooms, one (1)- bedroom managers apartment, front desk, laundry and 170' of dockage. Incredible location with direct Overseas Highway exposure. The motel enjoys canal frontage, boat ramp , direct Gulf and Ocean access. Walking distance to Capt. Hooks Marina, Aquarium Encounters, restaurants & shopping. The property is well maintained and has had several upgrades in the past year (roof, landscaping, appliances, and more). Rated 4.5 stars on Trip Advisor. Own your piece of paradise in the heart of Marathon.

Listing Details MLS# 582363

Location, Tax & Legal

Street #: 12020
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Hawaiian Village (53.5)
County: Monroe
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

Contract Information

Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 19230
Waterfront: Yes
Control Depth: 4
Business Name: Royal Hawaiian Motel
Year Established: 1960-06-01
# Stories: Yes
Total # Buildings: Yes
Building SqFt: 3638
SqFt Source: Property Data Card
Living Apx SqFt: 3638
Year Built: 1960
Total Bedrooms: 9
Full Baths: 9
Total Baths: 9

Status Change Info

Under Contract Date: 2019-05-28
Leased Date: 2019-08-19

Association Info

Mandatory Home Owners Asc: No
Condo Doc's: No
1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

More Information

Property Info

# Kitchens: 6
# Efficiencies: 5
# Refrigerators: 6
# Washers: Yes
# Dryers: Yes

Dockage

Dock: Wood
Dock Length: 170

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: No Property Info: License Included Type: Hotel/Motel Waterfront: Canal Front Waterview: Canal View Dockage: Boat Ramp Vehicle Storage: Common Parking; Guest Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished Appliances: Refrigerator Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Pool; Utility Building Construction: CBS Electric: Circuit Breakers Shutters: Panel Floor: Tile Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate

Last Updated: September - 10 - 2024

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