40 W Kyle Way, Marathon, FL 33050 (MLS# 598989)

40 W Kyle Way, Marathon, FL 33050

$2,775,000

Property Type: Commercial Bedrooms: 11 Baths: 12 Square Footage: 6,248 Lot Size (sq. ft.): 20,010 Status: Closed

Current Price: $2,775,000 List Date: 2/09/2022 Last Modified: 9/09/2024

Description

Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.

More Information MLS# 598989

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: $2,775,000 Listing Date: 2022-01-01 Sold Price: $2,775,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 47 Marathon Neighborhood: Knights Key Side: Ocean Flood Zone: AE Alternate Key #: 1394254 Parcel #: 00319800-000000 Zoning: RM - Residential Medium Legal: BK 2 LTS 6 AND 7 AND PT LT 8 KNIGHTS KEY VILLAGE KNIGHTS KEY PB5-84 OR477-582 OR681-216 OR809-2199 OR1077-2490/91 OR1158 Taxes: 16320.76 Tax Year: 2021 Street #: 40 Direction: W Street Name: Kyle Street Suffix: Way Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Knights Key Village (47.0) County: Monroe Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 190ft. by. 115ft Lot SqFt: 20010 Business Name: Knights Key Inn Total Units: 0 # Stories: 3 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 6248 Style: Commercial Living Apx SqFt: 6248 Year Built: 1968 Total Bedrooms: 11 Full Baths: 11 Half Baths: 1 Total Baths: 12

Remarks & Misc

Remarks – Consumer: Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining. Directions: Turn onto Knights Key Blvd and then left on Kyle Way W. The Knights Key Inn is on the left.

Status Change Info

Sold Comments: Congrats everyone! Sold Date: 2022-04-29 Sold Price: $2,775,000 Status: Closed

Deed Restrictions

Unknown: 1

Association Info

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

License Info

# of Transient Licns: 10

Type

Hotel/Motel: 1

Fee Includes

None: 1

Misc Property Info

Recorded Plat: Yes

Dockage

None: 1

Appliances

Range: 1 Refrigerator: 1

Property Info

# Kitchens: 11 # Refrigerators: 11 # Range/Ovens: 10

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

Ocean View: 1

Floor

Laminate: 1 Tile: 1

Interior Features

Drapes/Blinds Incl: 1 Furnished: 1 Laundry Room: 1 Window Treatments: 1

Windows/Doors

Aluminum Windows: 1

Vehicle Storage

Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Terms

Buyer Obtain Finance: 1 Not Assumable: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Title Ins - Buyer: 1

Property Rights

Transient License: 1

Miscellaneous

Open Water View: 1 Pool: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Waterfront: None Waterview: Ocean View Dockage: None Vehicle Storage: Off Street Parking; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments Appliances: Range; Refrigerator Miscellaneous: Open Water View; Pool Construction: CBS Floor: Laminate; Tile Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance; Not Assumable Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 09 - 2024

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