40 W Kyle Way, Marathon, FL 33050 (MLS# 598989)

40 W Kyle Way, Marathon, FL 33050

$2,775,000

Old Bridge opening for walking in early 2022

Property Type: Commercial Sale Bedrooms: 11 Baths: 12 Square Footage: 6,248 Lot Size (sq. ft.): 20,010 Status: Closed

Current Price: $2,775,000 List Date: 2/09/2022 Last Modified: 9/09/2024

Overview

Description

Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.

Listing Details MLS# 598989

Location, Tax & Legal

Street #: 40
Direction: W
Street Name: Kyle
Street Suffix: Way
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Knights Key Village (47.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

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: 20010
Waterfront: No
Business Name: Knights Key Inn
# Stories: 3
Total # Buildings: Yes
Building SqFt: 6248
SqFt Source: Property Data Card
Living Apx SqFt: 6248
Year Built: 1968
Total Bedrooms: 11
Full Baths: 11
Half Baths: Yes
Total Baths: 12

Status Change Info

Under Contract Date: 2022-02-13
Leased Date: 2022-04-29
Sold Comments: Congrats everyone!

License Info

# of Transient Licns: 10

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Misc Property Info

Recorded Plat: Yes

Property Info

# Kitchens: 11
# Refrigerators: 11
# Range/Ovens: 10

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Waterfront: None Waterview: Ocean View Dockage: None Vehicle Storage: Off Street Parking; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments Appliances: Range; Refrigerator Miscellaneous: Open Water View; Pool Construction: CBS Floor: Laminate; Tile Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance; Not Assumable Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 09 - 2024

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