1090 Overseas Highway, Marathon, FL 33050 (MLS# 594979)

1090 Overseas Highway, Marathon, FL 33050

$3,000,000

Property Type: Commercial Baths: 1 Lot Size (sq. ft.): 54,768 Status: Closed

Current Price: $3,000,000 List Date: 10/20/2021 Last Modified: 9/09/2024

Overview

Description

Back on market! Listed Approx $250,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 8,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store lobster traps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office.

Listing Details MLS# 594979

Location, Tax & Legal

Street #: 1090
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Riggs Sub (47.5)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
City: MARATHON
Mile Marker: 47.5
Marathon Neighborhood: Old Town West (11th to 25th)
Side: Bay/Gulf
Alternate Key #: 00101780-000100
Parcel #: 00101780-00010000
Add'l Parcel #2: 00101780-00020000
Zoning: MU - M - Mixed Use - Maritime
Taxes: 18087.42
Tax Year: 2020

Contract Information

Listing Board: Marathon/Lower Keys
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 54768
Waterfront: Yes
Control Depth: 3
Year Built: 1958
Full Baths: Yes
Total Baths: Yes

Status Change Info

Sold Date: 2021-12-29

Association Info

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

Dockage

Dock: Concrete
Seawall: Concrete

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Back on market! Listed Approx $250,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 8,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store lobster traps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office.
Directions: Located at mile marker 47.5 on the gulf/bay side

Type

Boat Sales/Service: Yes
Marina: Yes
Restaurant: Yes
Retail: Yes
Other Services: Yes

Fee Includes

None: Yes

Appliances

No Appliances: Yes

Waterfront

Gulf Front: Yes

Waterview

Bay/Gulf View: Yes
Harbor/Marina View: Yes

Construction

Other: Yes

Land Size

1 Less Than 2 Acres: Yes

Utilities

Buyer to Verify: Yes

Property Features

Type: Boat Sales/Service; Marina; Restaurant; Retail; Other Services Waterfront: Gulf Front Waterview: Bay/Gulf View; Harbor/Marina View Utilities: Buyer to Verify Appliances: No Appliances Construction: Other Land Size: 1 Less Than 2 Acres Fee Includes: None

Listing Office: Keys Realty LLC

Last Updated: September - 09 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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