6200 Overseas Highway, Marathon, FL 33050

$6,500,000
Property Type: Commercial Bedrooms: 9 Baths: 9 Lot Size (sq. ft.): 37,897 Status: Closed
Current Price: $6,500,000 List Date: 9/24/2024 Last Modified: 12/12/2024

Description

Development opportunity! 20 parcels consisting largely of Mixed-use commercial zoning and some residential. Any strictly commercial use such as a marina, office, restaurant, or retail use would not require TBR's. There is an abundance of commercial square footage in Marathon which could allow a significant development. Property has 500 ft of US 1 frontage with over 600 ft of shoreline on the Gulf of Mexico. Site contains 9 units/development rights consisting of 6 transient and 3 market rates. Surveys available, lot is partially cleared with 2019 Vegetation survey on file. Close to multiple national tenants and located on Direct open water. Site has no medians on its US1 corridor, and a turning lane runs the entire 500 ft. Protected dockage and High Visibility both North and South make this a quality site for National tenants. There is currently multi-unit housing located on site, No leases in place everything month to month. Property is approx. 8 acres plus or minus. Survey, Veg Survey, Determination letter, Letter of site condition available upon request. Property is suited for residential and commercial development, with several single-family home lots on the west side and acres of Mixed use spanning across US1. An affordable housing component is also possible subject to the availability of any new entitlements.

More Information MLS# 604385

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: Yes Current Price: $6,500,000 Listing Date: 2023-03-01 Sold Price: $6,500,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 50.5 Marathon Neighborhood: Mid-Town - Gulf (Sombrero to Airport) Side: Bay/Gulf Flood Zone: VE-12 Alternate Key #: 1413836 Parcel #: 00336180-000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: CASA MANANA SHORES PB2-50 SUBD OF PT OF GOV LT 1 SEC 11 & VACAS OUT LOT 1 & FILLED AREA OR432-588(II DEED 24953) OR432-5 Taxes: 120.8 Tax Year: 2022 Street #: 6200 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Casa Manana Shores (50.5) County: Monroe Area: 15 - Sombrero Bch Rd to Vaca Cut Gulfside

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 4 Lot Size: 376150 Lot SqFt: 37897 SqFt Source: Tax Records Building SqFt: 5242 Style: Commercial Year Built: 1953 Total Bedrooms: 9 Full Baths: 9 Total Baths: 9

Remarks & Misc

Remarks – Consumer: Development opportunity! 20 parcels consisting largely of Mixed-use commercial zoning and some residential. Any strictly commercial use such as a marina, office, restaurant, or retail use would not require TBR's. There is an abundance of commercial square footage in Marathon which could allow a significant development. Property has 500 ft of US 1 frontage with over 600 ft of shoreline on the Gulf of Mexico. Site contains 9 units/development rights consisting of 6 transient and 3 market rates. Surveys available, lot is partially cleared with 2019 Vegetation survey on file. Close to multiple national tenants and located on Direct open water. Site has no medians on its US1 corridor, and a turning lane runs the entire 500 ft. Protected dockage and High Visibility both North and South make this a quality site for National tenants. There is currently multi-unit housing located on site, No leases in place everything month to month. Property is approx. 8 acres plus or minus. Survey, Veg Survey, Determination letter, Letter of site condition available upon request. Property is suited for residential and commercial development, with several single-family home lots on the west side and acres of Mixed use spanning across US1. An affordable housing component is also possible subject to the availability of any new entitlements. Directions: Property is located Gulfside between 63rd and 61st st in Marathon,. Behind Herbies and across the street from Dions/Exon Gas Station.

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: Yes Association Fee $: 0

Type

Other Comrcl Style: 1

Fee Includes

None: 1

Dockage

Dock Length: 67 Basin: 1

Waterfront

Bay Front: 1 Gulf Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Construction

Other: 1

Land Size

5 Less Than 10 Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Sewer Available: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2024-12-12 Sold Price: $6,500,000 Status: Closed

Property Features

Deed Restrictions: Unknown Type: Other Comrcl Style Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Dockage: Basin Utilities: FKAA; Municipal Sewer; Sewer Available Construction: Other Land Size: 5 Less Than 10 Acres Fee Includes: None
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: December - 12 - 2024
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