58182 Overseas Highway
Marathon, FL 33050

$6,700,000

Description

Beautiful oceanfront hotel with 11 large 2, 3, and 4 bedroom units (average of 1,125 square feet each) and 27 additional transient rental licenses on 2.75 acres. In 2017 the entire interior (and most of the exterior) was painted and the furnishings replaced. New AC and elevator. There are 3 pools, a dock, parking (some covered), 550 lineal feet of oceanfront and direct access from US 1. Being sold As Is this is one of those rare opportunities to do some developing in the Florida Keys and MU zoning allows for many uses including Retail, Restaurant, Recreational, Apartments, Vacation Rentals and more. Hotel is also perfect for a quick condominiumization as each unit is metered separately!

Details

MLS#577031
StyleRetail
Sub-TypeResale
StatusContingent
Year2000
Days On Site284

Features

SQ Feet13,586
Story(s)3
Units38
ZoningMU - Mixed Use Commercial Mixed

Market Activity 33050

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Area Information

StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
SubareaOutside of Key West
Listing VS Median (in 33050)
Price:
$6,700,000
low | high
Med:
$489,500
100% of Average
SqFt:
13,586
low | high
Med:
0
100% of Average
$ / SqFt:
$493
low | high
Med:
$0
100% of Average
On Site:
284
low | high
Med:
222
100% of Average
Listing Updated: 07/21/2018
MLS Number: 577031
Listing Provided By:
Karen J Lane  of  Berkshire Hathaway Knight Gardner Realty (KW)