1458 Coral Drive, Marathon, FL 33050
$2,675,000
Property Type:
Commercial
Lot Size (sq. ft.):
43,695
Status:
Closed
Current Price:
$2,675,000
List Date:
2/04/2014
Last Modified:
9/09/2024
Overview
Description
Listing Details MLS# 119314
Location, Tax & Legal
- Street #
- 1458
- Street Name
- Coral
- Street Suffix
- Drive
- Key/Island
- Marathon
- State/Province
- FL
- Zip Code
- 33050
- Subdivision
- W R Thompson Sub (48.0)
- Area
- 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
- KW Neighborhood
- Outside of Key West
- City
- MARATHON
- Mile Marker
- 47.5
- Side
- Bay/Gulf
- Alternate Key #
- 1394653
- Add'l Parcel #1
- 00320320
- Parcel #
- 00320290-00320310
- Add'l Parcel #2
- 00320330
- Bldg Nbr
- No
- Legal
- Bk Pt Govt Lt 2 (Aka Parcel F Per Unrec 1977 C G Bailey Survey On File) Or418-694/702 Or742-63 Or8
- Taxes
- 22814.27
- Tax Year
- 2011
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- Yes
- As is Rght to Inspct
- Yes
- For Sale/Lease
- For Sale
- Potential Short Sale
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 43695
- Waterfront
- Yes
- Control Depth
- 6
- Business Name
- Captain Pip's
- Year Established
- 1958-01-01
- Total Units
- 15
- Year Built
- 1958
- # Parking Spaces
- No
- # Stories
- 0
- Building Ht. Ft.
- 0
- Total # Buildings
- 0
Status Change Info
- Sold Date
- 2014-05-01
License Info
- # of Transient Licns
- 2
- Non Trans Rntl Lic
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- Association Fee $
- 0
More Information
Dockage
- Dock
- Other
- Seawall
- Other
- Basin
- Yes
- Boat Slip
- Yes
- Dock Privileges
- Yes
Financial Status
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.
- Directions
- 1/2 Mile North of the Seven Mile Bridge on the Gulf Side.
Deed Restrictions
- Unknown
- Yes
Type
- Hotel/Motel
- Yes
- Marina
- Yes
- Retail
- Yes
Property Info
- Gross Annual Expense
- 0
- NOI
- 0
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
- Heat Pump
- Yes
Waterfront
- Bay Front
- Yes
- Gulf Front
- Yes
- Open Water
- Yes
Waterview
- Open Water View
- Yes
Interior Features
- Laundry Room
- Yes
Construction
- CBS
- Yes
Land Size
- 1 Less Than 2 Acres
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Property Rights
- Transient License
- Yes
Miscellaneous
- High Visibility
- Yes
- Manager on Premises
- Yes
- Open Water View
- Yes
- Patio
- Yes
- Residence on Premise
- Yes
- Storage
- Yes
Roof
- Concrete Roof
- Yes
Property Features
Deed Restrictions:
Unknown
License Info:
Non Trans Rntl Lic
Type:
Hotel/Motel; Marina; Retail
Waterfront:
Bay Front; Gulf Front; Open Water
Waterview:
Open Water View
Dockage:
Basin; Boat Slip; Dock Privileges
Cooling:
Ceiling Fans(s); Central Air; Heat Pump
Utilities:
FKAA; Municipal Sewer
Interior Features:
Laundry Room
Miscellaneous:
High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage
Construction:
CBS
Roof:
Concrete Roof
Land Size:
1 Less Than 2 Acres
Property Rights:
Transient License
Listing Office:
Royal Palms Realty (KW)
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.