40 W Kyle Way, Marathon, FL 33050 (MLS# 598989)

40 W Kyle Way, Marathon, FL 33050

$2,775,000

Old Bridge opening for walking in early 2022

Property Type: Commercial Bedrooms: 11 Baths: 12 Square Footage: 6,248 Lot Size (sq. ft.): 20,010 Status: Closed

Current Price: $2,775,000 List Date: 2/09/2022 Last Modified: 9/09/2024

Overview

Description

Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.

Listing Details MLS# 598989

Location, Tax & Legal

Street #: 40
Direction: W
Street Name: Kyle
Street Suffix: Way
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Knights Key Village (47.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
City: MARATHON
Off Shore Island: No
Mile Marker: 47
Marathon Neighborhood: Knights Key
Side: Ocean
Flood Zone: AE
Alternate Key #: 1394254
Parcel #: 00319800-000000
Zoning: RM - Residential Medium
Legal: BK 2 LTS 6 AND 7 AND PT LT 8 KNIGHTS KEY VILLAGE KNIGHTS KEY PB5-84 OR477-582 OR681-216 OR809-2199 OR1077-2490/91 OR1158
Taxes: 16320.76
Tax Year: 2021

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: 20010
Waterfront: No
Business Name: Knights Key Inn
# Stories: 3
Total # Buildings: Yes
Building SqFt: 6248
SqFt Source: Property Data Card
Living Apx SqFt: 6248
Year Built: 1968
Total Bedrooms: 11
Full Baths: 11
Half Baths: Yes
Total Baths: 12
Control Depth: 0
Total Units: 0

Status Change Info

Sold Date: 2022-04-29
Sold Comments: Congrats everyone!

License Info

# of Transient Licns: 10

Association Info

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

More Information

Misc Property Info

Recorded Plat: Yes

Property Info

# Kitchens: 11
# Refrigerators: 11
# Range/Ovens: 10

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.
Directions: Turn onto Knights Key Blvd and then left on Kyle Way W. The Knights Key Inn is on the left.

Deed Restrictions

Unknown: Yes

Type

Hotel/Motel: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

Range: Yes
Refrigerator: Yes

Cooling

Ceiling Fans(s): Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Waterview

Ocean View: Yes

Floor

Laminate: Yes
Tile: Yes

Interior Features

Drapes/Blinds Incl: Yes
Furnished: Yes
Laundry Room: Yes
Window Treatments: Yes

Windows/Doors

Aluminum Windows: Yes

Vehicle Storage

Off Street Parking: Yes
Trailer Storage: Yes

Construction

CBS: Yes

Land Size

1/4 - 1/2 Acre: Yes

Terms

Buyer Obtain Finance: Yes
Not Assumable: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Title

Title Ins - Buyer: Yes

Property Rights

Transient License: Yes

Miscellaneous

Open Water View: Yes
Pool: Yes

Roof

Metal Roof: Yes

Property Features

Deed Restrictions: Unknown Type: Hotel/Motel Waterfront: None Waterview: Ocean View Dockage: None Vehicle Storage: Off Street Parking; Trailer Storage Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments Appliances: Range; Refrigerator Miscellaneous: Open Water View; Pool Construction: CBS Floor: Laminate; Tile Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance; Not Assumable Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Coldwell Banker Schmitt Real Estate Co.

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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