$1,775,000
Marathon, FL 33050
MLS# 586558
Status: Closed
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Property 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.
Details
Maps
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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