1090 Overseas Highway, Marathon, FL 33050

$3,000,000
Property Type: Commercial Baths: 1 Lot Size (sq. ft.): 54,768 Status: Closed
Current Price: $3,000,000 List Date: 10/20/2021 Last Modified: 9/09/2024

Description

Back on market! Listed Approx $250,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 8,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store lobster traps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office.

More Information MLS# 594979

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $3,000,000 Listing Date: 2021-03-04 Sold Price: $3,000,000

Location, Tax & Legal

City: MARATHON Mile Marker: 47.5 Marathon Neighborhood: Old Town West (11th to 25th) Side: Bay/Gulf Alternate Key #: 00101780-000100 Parcel #: 00101780-00010000 Add'l Parcel #2: 00101780-00020000 Zoning: MU - M - Mixed Use - Maritime Taxes: 18087.42 Tax Year: 2020 Street #: 1090 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Riggs Sub (47.5) County: Monroe Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 3 Lot Size: 1.26 acres Lot SqFt: 54768 Style: Commercial Year Built: 1958 Full Baths: 1 Total Baths: 1

Remarks & Misc

Remarks – Consumer: Back on market! Listed Approx $250,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 8,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store lobster traps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office. Directions: Located at mile marker 47.5 on the gulf/bay side

Association Info

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

Type

Boat Sales/Service: 1 Marina: 1 Restaurant: 1 Retail: 1 Other Services: 1

Fee Includes

None: 1

Dockage

Dock: Concrete Seawall: Concrete

Appliances

No Appliances: 1

Waterfront

Gulf Front: 1

Waterview

Bay/Gulf View: 1 Harbor/Marina View: 1

Construction

Other: 1

Land Size

1 Less Than 2 Acres: 1

Utilities

Buyer to Verify: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-12-29 Sold Price: $3,000,000 Status: Closed

Property Features

Type: Boat Sales/Service; Marina; Restaurant; Retail; Other Services Waterfront: Gulf Front Waterview: Bay/Gulf View; Harbor/Marina View Utilities: Buyer to Verify Appliances: No Appliances Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: None
Listing Office: Keys Realty LLC
Last Updated: September - 09 - 2024
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