57612 Overseas Highway, Marathon, FL 33050 (MLS# 586558)

57612 Overseas Highway, Marathon, FL 33050

$1,775,000

Property Type: Commercial Lot Size (sq. ft.): 45,780 Status: Closed

Current Price: $1,775,000 List Date: 7/19/2019 Last Modified: 9/10/2024

Description

1.05 +/- acres of palm studded ocean front withsandy beach zoned Mixed Use Commercial zoned uplands plus 0.52 acres bay bottom. Land is cleared and ready for re-development and conveys with Building Rights for 12 Transient Units, 1 Market Rate Unit and 1322 sq.ft. of commercial sq. footage which can be redeveloped onsite. Flood Zones are VE 10, 11 and 13'. All utilities including water, electric and central sewer are available to the site. 242' of frontage on US #1 and the Atlantic Ocean. This was previously the site of the Seashell motel and Gallagher's restaurant. Call LA for full package including survey and letter of determination of building rights vesting the property.

More Information MLS# 586558

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 Current Price: $1,775,000 Listing Date: 2019-07-19 Sold Price: $1,775,000

Location, Tax & Legal

City: MARATHON Mile Marker: 58 Marathon Neighborhood: Grassy Key Side: Ocean Flood Zone: VE,VE,AE,AE Alternate Key #: 8890834 Parcel #: 00373910-000200 Zoning: MU - Mixed Use Commercial Mixed Use Legal: CRAINS SUB PB1-51 GRASSY KEY SOUTH SIDE OF FLAGLER ST TO OCEAN PT BETWEEN BKS 53-58 AND ADJ ABANDONED PT OF FLAGLER ST O Taxes: 18521.02 Tax Year: 2018 Street #: 57612 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Crains Sub (58.0) County: Monroe Area: 19 - Crawl Key & Grassy Key

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 0 Lot SqFt: 45780 Total Units: 0 Style: Commercial

Remarks & Misc

Remarks – Consumer: 1.05 +/- acres of palm studded ocean front withsandy beach zoned Mixed Use Commercial zoned uplands plus 0.52 acres bay bottom. Land is cleared and ready for re-development and conveys with Building Rights for 12 Transient Units, 1 Market Rate Unit and 1322 sq.ft. of commercial sq. footage which can be redeveloped onsite. Flood Zones are VE 10, 11 and 13'. All utilities including water, electric and central sewer are available to the site. 242' of frontage on US #1 and the Atlantic Ocean. This was previously the site of the Seashell motel and Gallagher's restaurant. Call LA for full package including survey and letter of determination of building rights vesting the property.

Association Info

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

Type

Hotel/Motel: 1

Fee Includes

Other: 1

Dockage

None: 1

Appliances

No Appliances: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1 Open Water 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: 2019-11-22 Sold Price: $1,775,000 Status: Closed

Property Features

Type: Hotel/Motel Waterfront: Oceanfront Waterview: Ocean View; Open Water View Dockage: None Utilities: Buyer to Verify Appliances: No Appliances Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: Other

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 10 - 2024

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