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12685 Overseas Highway

Marathon, FL

Listing Details

  • $7,950,000
  • MLS# 614150
  • Type Commercial - Business
  • Status Active
  • 0.00
    Bathrooms
  • 5,735
    Square Feet
  • 2.399 acres
    Lot Size
  • 1957
    Year Built

Description

Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Property had over 550 feet of dockage directly to navigable channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property though. Seller has Development Plan for 33,400 Steel Building as a Boathouse with potential for... Read more 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities.

Key Features

No amenity information available.

View All Features
12685 Overseas Highway
Marathon, FL 33050
Subdivision
Driftwood Estates (540)
County
Monroe

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Business
  • Appliances: No Appliances
  • Business Name: Not included
  • Days on Site: 442
  • Dock: Other
  • Exterior: Other
  • Flood Zone: AE, AE
  • HOA (1st Right of Refusal) Y/N: No
  • HOA (Mandatory) Y/N: No
  • Key/Island: Marathon
  • Listing Board: Marathon/Lower Keys
  • Lot Dimensions: Irregular
  • Lot Size: 2.40 Acres
  • Off Shore Island: No
  • Parcel #: 00362650-000000
  • Parking: Off Street Parking
  • Taxes: $16,709
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Waterfront: Open Water
  • Waterview: Open Water View
  • Year Built: 1957
  • Zoning: MU - Mixed Use Commercial Mixed Use