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58182 Overseas Highway 33, Marathon, FL 33050

$6,050,000
Property Type: Commercial Lot Size (sq. ft.): 119,835 Status: Closed
Current Price: $6,050,000 List Date: 3/18/2016 Last Modified: 9/10/2024

Overview

Description

Four Ocean Front properties in Grassy Key with 3 hotels and 1 two story single family home at MM58 in Grassy Key. Three hotels currently in operation with combined units numbering 34. 3 pools, plenty of parking, 550 lineal feet of Ocean Front and direct access from US Hwy 1. Three of the parcels are contiguous and one (Alt 1454150) is two lots west of group. The dock's control depth of 3 feet is at high tide only. This is one of those rare opportunities to do some developing in the Florida Keys. SC zoning allows for many uses including Retail, Recreational, Apartments, Institutional, Public Buildings, Storage, Vacation Rentals and more.

Listing Details MLS# 123055

Location, Tax & Legal

Street #
58182
Street Name
Overseas
Street Suffix
Highway
Key/Island
Marathon
State/Province
FL
Zip Code
33050
Subdivision
Grassy Key (58.9)
County
Monroe
Area
19 - Crawl Key & Grassy Key
KW Neighborhood
Outside of Key West
Unit #
33
City
MARATHON
Off Shore Island
No
Mile Marker
58
Side
Ocean
Alternate Key #
1454036
Add'l Parcel #1
00371060-000000
Parcel #
00370940-000000-00370980-00000
Add'l Parcel #2
00371000-000000
Bldg Nbr
No
Zoning
SC - Sub Urban Commercial District
Legal
Crains Subd of Grassy Key PB-1 & Monroe Co Tax Records Alt#s 1454150,1454061,144095,1454036
Taxes
28027
Tax Year
2015

Contract Information

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

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
119835
Waterfront
Yes
Control Depth
3
Business Name
Casa del Sol etc.
# Parking Spaces
70
# Stories
3
Building Ht. Ft.
35
Total # Buildings
14
Building SqFt
24272
Total Units
34
Year Built
1949

Status Change Info

Sold Date
2016-12-30
Sold Comments
Short Sale

License Info

# of Transient Licns
2

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

More Information

Dockage

Dock
Other

Financial Status

Bank Owned
No
Potential Short Sale
Yes

Remarks & Misc

Remarks – Consumer
Four Ocean Front properties in Grassy Key with 3 hotels and 1 two story single family home at MM58 in Grassy Key. Three hotels currently in operation with combined units numbering 34. 3 pools, plenty of parking, 550 lineal feet of Ocean Front and direct access from US Hwy 1. Three of the parcels are contiguous and one (Alt 1454150) is two lots west of group. The dock's control depth of 3 feet is at high tide only. This is one of those rare opportunities to do some developing in the Florida Keys. SC zoning allows for many uses including Retail, Recreational, Apartments, Institutional, Public Buildings, Storage, Vacation Rentals and more.
Directions
On US Hwy 1 Oceanside at Mile Marker 58

Deed Restrictions

Unknown
Yes

Type

Hotel/Motel
Yes
Marina
Yes
Office Buildings
Yes
Professional Service
Yes
Retail
Yes

Fee Includes

Other
Yes

Accounts & Meters

# Sewer Accounts
3

Appliances

No Appliances
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Heat Pump
Yes

Waterfront

Oceanfront
Yes
Open Water
Yes

Electric

Circuit Breakers
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Combo
Yes

Construction

CBS
Yes
Combo Construction
Yes
Frame
Yes
Steel Reinforced
Yes

Land Size

2 Less Than 5 Acres
Yes

Utilities

FKAA
Yes
Sewer Available
Yes

Title

Negotiable
Yes

Property Rights

Transient License
Yes

Roof

Combo Roof
Yes

Tenant Paid

Tnt Pays No Utils
Yes

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel; Marina; Office Buildings; Professional Service; Retail Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Cooling: Heat Pump Utilities: FKAA; Sewer Available Appliances: No Appliances Construction: CBS; Combo Construction; Frame; Steel Reinforced Electric: Circuit Breakers Floor: Combo Roof: Combo Roof Land Size: 2 Less Than 5 Acres Fee Includes: Other Title: Negotiable Tenant Paid: Tnt Pays No Utils Property Rights: Transient License
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 10 - 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.