1458 Coral Drive, Marathon, FL 33050 (MLS# 119314)

1458 Coral Drive, Marathon, FL 33050

$2,675,000

Property Type: Commercial Sale Lot Size (sq. ft.): 43,695 Status: Closed

Current Price: $2,675,000 List Date: 2/04/2014 Last Modified: 9/09/2024

Overview

Description

Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.

Listing Details MLS# 119314

Location, Tax & Legal

Street #: 1458
Street Name: Coral
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: W R Thompson Sub (48.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

Contract Information

Listing Board: Key West Association
Limited Representation: Yes
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 43695
Waterfront: Yes
Control Depth: 6
Business Name: Captain Pip's
Year Established: 1958-01-01
Total Units: 15
Year Built: 1958

Status Change Info

Under Contract Date: 2014-04-29
Leased Date: 2014-05-01

License Info

# of Transient Licns: 2

Association Info

Mandatory Home Owners Asc: No

More Information

Dockage

Dock: Other
Seawall: Other

Financial Status

Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Hotel/Motel; Marina; Retail Waterfront: Bay Front; Gulf Front; Open Water Waterview: Open Water View Dockage: Basin; Boat Slip; Dock Privileges Cooling: Ceiling Fans(s); Central Air; Heat Pump Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room Miscellaneous: High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage Construction: CBS Roof: Concrete Roof Land Size: 1 Less Than 2 Acres Property Rights: Transient License

Listing Office: Royal Palms Realty (KW)

Last Updated: September - 09 - 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.