109 Carroll Street 9, Upper Matecumbe Key Islamorada, FL 33036

$2,350,000
Property Type: Commercial Bedrooms: 3 Baths: 1 Square Footage: 1,627 Lot Size (sq. ft.): 81,439 Status: Closed
Current Price: $2,350,000 List Date: 5/20/2016 Last Modified: 9/10/2024

Description

Price includes (1) Tri Plex and (1) SFR as well as 3 Transient Rights; This site offers several opportunities for the investor, looking to have 3 Legal Short Term Rentals on a very private parcel. The Tri Plex & SFR fully rented; May be purchased separately at following prices; Tri Plex @ $659,000 SFR @ $399,000; Commercial with transient rights @ $3,250,000 See Document Tab for Add Information

Supplements: The Beach property is over 695' deep from the street to the shore line (plus 200' of submerged land deed) and is 100' wide and 1.89 gross acres. (plat is not to the shore line, see second attachment) It has the second longest pier in the Keys at over 500' long with power and lighting and 100' of beach front. This property is zoned Tourist Commercial w/ 3 building rights and 3 Transient Tourist licenses. The plans attached have 5 buildings shown, but these were conceptual plans based on obtaining two more licenses. The Triplex at 107 Carroll Street is zoned residential w/ three building rights. Property size is 100' x 100' (including road) The one story single family home at 109-C Carroll Street is zoned residential with one building right. Property size is 100' x 100' (including road) The purpose of the tourist commercial (TC) zoning district is to accommodate existing tourist lodging, tourist attractions and supportive facilities. (2) This zoning district is established within the Mixed Use (MU) FLUM category. (b) Permitted uses. The following uses are permitted uses provided that they do not contain a drive-in or drive-through component. (1) Single family dwelling units of 25 dwelling units or less, except the conversion of existing hotels or motels to single-family dwelling units is not permitted; (2) Deed restricted affordable housing dwelling units of 25 dwelling units or less, except the conversion of existing hotels or motels to dwelling units is not permitted; (3) Hotels and motels with 25 rooms or less; (4) Recreational equipment rental; (5) Restaurants less than 1,500 square feet; (6) Brewpubs less than 1,500 square feet; and (7) Accessory uses and structures, excluding guesthouses. (c) Uses reviewed as a minor conditional use. The following uses are reviewed as minor conditional uses provided that they do not contain a drive-in or drive-through component. (1) Any permitted residential use, greater than 25 dwelling units, except that motels and hotels shall not be considered a residential use; (2) Bars, taverns and drinking places less than 5,000 square feet; (3) Brewpubs of 1,500 to 3,000 square feet; (4) Commercial recreational facility less than 5,000 square feet; (5) Community pier or public dock; (6) Docking facility; (7) Hotels or motels having more than 25 rooms and less than 50 rooms; (8) Infrastructure and municipal utility facilities; (9) Restaurants of 1,500 to 3,000 square feet; and (10) Attached wireless facility. (d) Uses reviewed as a major conditional use. (1) Hotels or motels having 50 rooms or more; (2) Brewpubs of 3,001 to 5,000 square feet; (3) Commercial recreational uses of 5,000 square feet or greater; (4) Marina redevelopment; (5) Restaurants of 3,001 to 5,000 square feet; (6) Stealth wireless facility; (7) Outdoor storage and display areas pursuant to article VI, division 8 of this chapter; and (8) Any use listed above as a permitted or minor conditional use, or a major conditional use listed herein, provided that the use contains a drive-in or drive-through component. (e) Site development standards. (1) Minimum lot area: Not applicable. (2) Maximum building height: 35 feet. (3) Maximum developable lot coverage: Not applicable. (4) Setbacks: a. Front yard: Minimum 25 feet. Front yard setback may be reduced to the minimum required bufferyard width pursuant to division 6 of this article only for covered unenclosed areas, outdoor seating areas, balconies, roof overhangs, walkways, stairways and entryways. b. Street side yard: Minimum ten feet, or the required bufferyard width pursuant to division 6 of this article, whichever is less. c. Interior side yard: Minimum ten feet. d. Rear yard: Minimum 20 feet. e. Rear yard on shoreline: See article VII, division 2 of this chapter. (5) Floor area: Maximum floor area for principal structures: 0.25 FAR or 0.35 FAR with TDRs or with working waterfronts pursuant to article IV, division 17 of this chapter. (6) Density: Up to six dwelling units per acre, or up to 12 dwelling units per acre with TDRs or affordable housing, or up to 15 affordable housing dwelling units per acre may be permitted if the proposed development provides for an increase of one Class in all required bufferyards; however, on commercially developed parcels of land, the density requirements for affordable housing provided herein shall not exceed 12 dwelling units per acre, notwithstanding any nonresidential floor area or FAR, or market rate residential dwelling units; except that on commercially developed parcels of land, the density requirements for affordable housing provided herein shall not exceed 15 dwelling units per acre, notwithstanding any nonresidential floor area or FAR, or market rate residential dwelling units, if the proposed development provides for an increase of one Class in all required bufferyards. (7) Open space: See article VII, division 4 of this chapter. (8) Landscape requirements: See division 6 of this article. (9) Parking requirements: See division 7 of this article.

More Information MLS# 569334

Contract Information

Listing Board: Florida Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $2,350,000 Listing Date: 2015-12-23 Sold Price: $2,350,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West Unit #: 9 City: ISLAMORADA Off Shore Island: No Mile Marker: 82.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE,VE,VE,AE,VE Alternate Key #: 1493015 Parcel #: 00400720-000000 Zoning: TC - Tourist Commercial Legal: STRATTONS SUBD PB 2-38 UPPER MATECUMBE NE 1/2 LOT 2 SQR 10 AND 33 63 37 BAY BTM SLY ADJ TO NELY 1/2 LOT 2 BLK 10 G24-94 Taxes: 17159.59 Tax Year: 2015 Street #: 109 Street Name: Carroll Street Suffix: Street Key/Island: Upper Matecumbe Key Islamorada State/Province: FL Zip Code: 33036 Subdivision: Strattons (82.5) County: Monroe Area: 23 - Upper Matecumbe

General Property Description

Realtor.COM Type: Multi-Family Waterfront: Yes Control Depth: 4 Lot SqFt: 81439 Total Units: 0 Building SqFt: 0 Style: Misc Prop Rights Living Apx SqFt: 1627 Total Bedrooms: 3 Full Baths: 1 Total Baths: 1

Remarks & Misc

Remarks – Consumer: Price includes (1) Tri Plex and (1) SFR as well as 3 Transient Rights; This site offers several opportunities for the investor, looking to have 3 Legal Short Term Rentals on a very private parcel. The Tri Plex & SFR fully rented; May be purchased separately at following prices; Tri Plex @ $659,000 SFR @ $399,000; Commercial with transient rights @ $3,250,000 See Document Tab for Add Information Directions: Turn at Shrimp Shack head east onto Carroll St.; turn left property is 2nd and 3rd on right.

Status Change Info

Sold Comments: Sale the Tourist Commercial site of the listing. Sold Date: 2019-12-30 Sold Price: $2,350,000 Status: Closed

Deed Restrictions

No: 1

Association Info

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

License Info

# of Transient Licns: 3

Type

Apartment 3 or more: 1

Fee Includes

Other: 1

Misc Property Info

Recorded Plat: Yes

Dockage

Dock Length: 500 Dock: Wood

Appliances

Other: Appliances included

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1 Open Water View: 1 No Waterview: 1

Vehicle Storage

Common Parking: 1

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Terms

Buyer Obtain Finance: 1

Utilities

FKAA: 1 Sewer Available: 1

Title

Title Ins - Buyer: 1

Property Rights

Transient License: 1

Miscellaneous

Fencing: 1 Open Water View: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: No Type: Apartment 3 or more Waterfront: Oceanfront Waterview: Ocean View; Open Water View; No Waterview Vehicle Storage: Common Parking Utilities: FKAA; Sewer Available Miscellaneous: Fencing; Open Water View Construction: CBS Land Size: 1 Less Than 2 Acres Fee Includes: Other Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Transient License
Listing Office: Ocean Sotheby's International Realty
Last Updated: September - 10 - 2024
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