57612 Overseas Highway, Marathon, FL 33050 (MLS# 586558)

57612 Overseas Highway, Marathon, FL 33050

$1,775,000

Property Type: Commercial Sale Lot Size (sq. ft.): 45,780 Status: Closed

Current Price: $1,775,000 List Date: 7/19/2019 Last Modified: 9/10/2024

Overview

Description

1.05 +/- acres of palm studded ocean front withsandy beach zoned Mixed Use Commercial zoned uplands plus 0.52 acres bay bottom. Land is cleared and ready for re-development and conveys with Building Rights for 12 Transient Units, 1 Market Rate Unit and 1322 sq.ft. of commercial sq. footage which can be redeveloped onsite. Flood Zones are VE 10, 11 and 13'. All utilities including water, electric and central sewer are available to the site. 242' of frontage on US #1 and the Atlantic Ocean. This was previously the site of the Seashell motel and Gallagher's restaurant. Call LA for full package including survey and letter of determination of building rights vesting the property.

Listing Details MLS# 586558

Location, Tax & Legal

Street #: 57612
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Crains Sub (58.0)
County: Monroe
Area: 19 - Crawl Key & Grassy Key

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 45780
Waterfront: Yes

Status Change Info

Under Contract Date: 2019-11-01
Leased Date: 2019-11-22

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Property Features

Type: Hotel/Motel Waterfront: Oceanfront Waterview: Ocean View; Open Water View Dockage: None Utilities: Buyer to Verify Appliances: No Appliances Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: Other

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 10 - 2024

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