2401 Overseas Highway, Marathon, FL 33050 (MLS# 573355)

2401 Overseas Highway, Marathon, FL 33050

$1,500,000

Property Type: Commercial Bedrooms: 10 Baths: 10 Square Footage: 2,115 Lot Size (sq. ft.): 10,710 Status: Closed

Current Price: $1,500,000 List Date: 12/29/2016 Last Modified: 9/09/2024

Description

The Blue Marlin Motel is located in the heart of Marathon, across the street from Tranquility Bay, with frontage directly on US1. Currently being used for long term annual rental, the owner still has transient rights from the city of Marathon, so conversion back to a nightly rental motel is easy. This property is complete with 10 units, and a small retail space.

More Information MLS# 573355

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: Yes Current Price: $1,500,000 Listing Date: 2016-12-28 Sold Price: $1,500,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West City: MARATHON Off Shore Island: No Mile Marker: 49.5 Side: Ocean Flood Zone: AE Alternate Key #: 1395391 Parcel #: 00321070-000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: BK 2 L0TS 1 & 3 SOMBRERO SUB #2 MARATHON PT GOV LT 1 SEC 9 TWP 66S R 32E PB2-32 G71-370/71 OR740-432 OR1491-9/11MT OR149 Taxes: 6961.45 Tax Year: 2016 Street #: 2401 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Sombrero Sub (49.5) County: Monroe Area: 14 - Sombrero Area

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 0.2458 Lot SqFt: 10710 Business Name: Blue Marlin Motel Total Units: 10 Off Street Parking: Yes # Stories: 2 Building Ht. Ft.: 0 SqFt Source: Tax Records Total # Buildings: 3 Building SqFt: 3540 Style: Commercial Living Apx SqFt: 2115 Year Built: 1959 Total Bedrooms: 10 Full Baths: 10 Total Baths: 10

Remarks & Misc

Remarks – Consumer: The Blue Marlin Motel is located in the heart of Marathon, across the street from Tranquility Bay, with frontage directly on US1. Currently being used for long term annual rental, the owner still has transient rights from the city of Marathon, so conversion back to a nightly rental motel is easy. This property is complete with 10 units, and a small retail space.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of City License: 10 # of County License: 10 Non Trans Rntl Lic: 1

Type

Apartment 3 or more: 1 Hotel/Motel: 1

Fee Includes

None: 1

Dockage

None: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

None: 1

Electric

220 Volt: 1 Other Electric: 1

Waterview

No Waterview: 1

Floor

Combo: 1 Tile: 1

Windows/Doors

Other Windows/Doors: 1 Single Hung Windows: 1

Vehicle Storage

Car(s): 4+ Off Street Parking: 1

Construction

CBS: 1 Combo Construction: 1 Frame: 1

Land Size

1/4 - 1/2 Acre: 1

Terms

Other Financing: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Negotiable: 1

Miscellaneous

Chickee Hut: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Patio: 1 Storage: 1 Utility Building: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2017-07-03 Sold Price: $1,500,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Apartment 3 or more; Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Patio; Storage; Utility Building Construction: CBS; Combo Construction; Frame Electric: 220 Volt; Other Electric Floor: Combo; Tile Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Other Financing Title: Negotiable

Listing Office: Ocean Sotheby's International Realty

Last Updated: September - 09 - 2024

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