12020 Overseas Highway 8, Marathon, FL 33050 (MLS# 582363)

12020 Overseas Highway 8, Marathon, FL 33050

$1,600,000

Property Type: Commercial Bedrooms: 9 Baths: 9 Square Footage: 3,638 Lot Size (sq. ft.): 19,230 Status: Closed

Current Price: $1,600,000 List Date: 10/18/2018 Last Modified: 9/10/2024

Overview

Description

Rare to the market, waterfront Motel/Botel. Well established business with the same owners for 32 years. Property is comprised of one freestanding building, 8 transient units ranging from (5) kitchenette to (3) standard canal front rooms, one (1)- bedroom managers apartment, front desk, laundry and 170' of dockage. Incredible location with direct Overseas Highway exposure. The motel enjoys canal frontage, boat ramp , direct Gulf and Ocean access. Walking distance to Capt. Hooks Marina, Aquarium Encounters, restaurants & shopping. The property is well maintained and has had several upgrades in the past year (roof, landscaping, appliances, and more). Rated 4.5 stars on Trip Advisor. Own your piece of paradise in the heart of Marathon.

Listing Details MLS# 582363

Location, Tax & Legal

Street #: 12020
Street Name: Overseas
Street Suffix: Highway
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Hawaiian Village (53.5)
County: Monroe
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Unit #: 8
City: MARATHON
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Vaca East (Vaca to Coco)
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1439762
Parcel #: 00357710-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Legal: HAWAIIAN VILLAGE PB4-70 FAT DER KEY LT 1 & PT LOT 2 BLK C & PT LOT 1 BLK D & W10' LOT 1 BLK G & ALL BLK F & PRIVATE RIGH
Taxes: 13010.9
Tax Year: 2017

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: 19230
Waterfront: Yes
Control Depth: 4
Business Name: Royal Hawaiian Motel
Year Established: 1960-06-01
# Stories: Yes
Total # Buildings: Yes
Building SqFt: 3638
SqFt Source: Property Data Card
Living Apx SqFt: 3638
Year Built: 1960
Total Bedrooms: 9
Full Baths: 9
Total Baths: 9
Total Units: 0

Status Change Info

Sold Date: 2019-08-19

Association Info

Mandatory Home Owners Asc: No
Condo Doc's: No
1st Right of Refusal: No

Misc Property Info

Recorded Plat: Yes

More Information

Property Info

# Kitchens: 6
# Efficiencies: 5
# Refrigerators: 6
# Washers: Yes
# Dryers: Yes
License Included: Yes

Dockage

Dock: Wood
Dock Length: 170
Boat Ramp: Yes

Auction Info

Auction: No

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Rare to the market, waterfront Motel/Botel. Well established business with the same owners for 32 years. Property is comprised of one freestanding building, 8 transient units ranging from (5) kitchenette to (3) standard canal front rooms, one (1)- bedroom managers apartment, front desk, laundry and 170' of dockage. Incredible location with direct Overseas Highway exposure. The motel enjoys canal frontage, boat ramp , direct Gulf and Ocean access. Walking distance to Capt. Hooks Marina, Aquarium Encounters, restaurants & shopping. The property is well maintained and has had several upgrades in the past year (roof, landscaping, appliances, and more). Rated 4.5 stars on Trip Advisor. Own your piece of paradise in the heart of Marathon.

Deed Restrictions

No: Yes

Type

Hotel/Motel: Yes

Fee Includes

None: Yes

Appliances

Refrigerator: Yes

Cooling

Wall/Window Unit(s): Yes

Waterfront

Canal Front: Yes

Electric

Circuit Breakers: Yes

Waterview

Canal View: Yes

Floor

Tile: Yes

Interior Features

Drapes/Blinds Incl: Yes
Furnished: Yes

Windows/Doors

Sliding Glass Doors: Yes

Vehicle Storage

Guest Parking: Yes
Common Parking: Yes

Construction

CBS: Yes

Land Size

1/4 - 1/2 Acre: Yes

Terms

Buyer Obtain Finance: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Title

Title Ins - Buyer: Yes

Property Rights

Transient License: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes
Highway Frontage: Yes
Lobby: Yes
Manager on Premises: Yes
Pool: Yes
Utility Building: Yes

Shutters

Panel: Yes

Property Features

Deed Restrictions: No Property Info: License Included Type: Hotel/Motel Waterfront: Canal Front Waterview: Canal View Dockage: Boat Ramp Vehicle Storage: Common Parking; Guest Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished Appliances: Refrigerator Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Pool; Utility Building Construction: CBS Electric: Circuit Breakers Shutters: Panel Floor: Tile Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate

Last Updated: September - 10 - 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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