58182 Overseas Highway 33, Marathon, FL 33050 (MLS# 123055)

58182 Overseas Highway 33, Marathon, FL 33050

$6,050,000

Property Type: Commercial Lot Size (sq. ft.): 119,835 Status: Closed

Current Price: $6,050,000 List Date: 3/18/2016 Last Modified: 9/10/2024

Description

Four Ocean Front properties in Grassy Key with 3 hotels and 1 two story single family home at MM58 in Grassy Key. Three hotels currently in operation with combined units numbering 34. 3 pools, plenty of parking, 550 lineal feet of Ocean Front and direct access from US Hwy 1. Three of the parcels are contiguous and one (Alt 1454150) is two lots west of group. The dock's control depth of 3 feet is at high tide only. This is one of those rare opportunities to do some developing in the Florida Keys. SC zoning allows for many uses including Retail, Recreational, Apartments, Institutional, Public Buildings, Storage, Vacation Rentals and more.

More Information MLS# 123055

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: Yes Bank Owned: No For Sale/Lease: For Sale Current Price: $6,050,000 Listing Date: 2016-03-18 Sold Price: $6,050,000

Location, Tax & Legal

KW Neighborhood: Outside of Key West Unit #: 33 City: MARATHON Off Shore Island: No Mile Marker: 58 Side: Ocean Alternate Key #: 1454036 Add'l Parcel #1: 00371060-000000 Parcel #: 00370940-000000-00370980-00000 Add'l Parcel #2: 00371000-000000 Bldg Nbr: 0 Zoning: SC - Sub Urban Commercial District Legal: Crains Subd of Grassy Key PB-1 & Monroe Co Tax Records Alt#s 1454150,1454061,144095,1454036 Taxes: 28027 Tax Year: 2015 Street #: 58182 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Grassy Key (58.9) County: Monroe Area: 19 - Crawl Key & Grassy Key

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 3 Lot SqFt: 119835 Business Name: Casa del Sol etc. Total Units: 34 # Parking Spaces: 70 # Stories: 3 Building Ht. Ft.: 35 Total # Buildings: 14 Building SqFt: 24272 Style: Commercial Year Built: 1949

Remarks & Misc

Remarks – Consumer: Four Ocean Front properties in Grassy Key with 3 hotels and 1 two story single family home at MM58 in Grassy Key. Three hotels currently in operation with combined units numbering 34. 3 pools, plenty of parking, 550 lineal feet of Ocean Front and direct access from US Hwy 1. Three of the parcels are contiguous and one (Alt 1454150) is two lots west of group. The dock's control depth of 3 feet is at high tide only. This is one of those rare opportunities to do some developing in the Florida Keys. SC zoning allows for many uses including Retail, Recreational, Apartments, Institutional, Public Buildings, Storage, Vacation Rentals and more. Directions: On US Hwy 1 Oceanside at Mile Marker 58

Status Change Info

Sold Comments: Short Sale Sold Date: 2016-12-30 Sold Price: $6,050,000 Status: Closed

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 2

Type

Hotel/Motel: 1 Marina: 1 Office Buildings: 1 Professional Service: 1 Retail: 1

Fee Includes

Other: 1

Dockage

Dock: Other

Accounts & Meters

# Sewer Accounts: 3

Appliances

No Appliances: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Cooling

Heat Pump: 1

Waterfront

Oceanfront: 1 Open Water: 1

Electric

Circuit Breakers: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Combo: 1

Construction

CBS: 1 Combo Construction: 1 Frame: 1 Steel Reinforced: 1

Land Size

2 Less Than 5 Acres: 1

Utilities

FKAA: 1 Sewer Available: 1

Title

Negotiable: 1

Property Rights

Transient License: 1

Roof

Combo Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: Yes

Tenant Paid

Tnt Pays No Utils: 1

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel; Marina; Office Buildings; Professional Service; Retail Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Cooling: Heat Pump Utilities: FKAA; Sewer Available Appliances: No Appliances Construction: CBS; Combo Construction; Frame; Steel Reinforced Electric: Circuit Breakers Floor: Combo Roof: Combo Roof Land Size: 2 Less Than 5 Acres Fee Includes: Other Title: Negotiable Tenant Paid: Tnt Pays No Utils Property Rights: Transient License

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 10 - 2024

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