New Listing
12685 Overseas Highway,MARATHON, FL 33050
MARATHON, FL 33050
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. Property conveys with 13 Transient Rights . Commercial square footage shall remain vested upon the property. Seller worked on a Development Plan for 33,400 Steel Building as a Boathouse with potential for 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. Other Development possilibities exist as the sight is zoned properly for varying types of use. 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.
Details
| MLS # | 621748 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Building Name | Not included |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 6 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Joshua James Mothner |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,510 |
| Zoning | MU - Mixed Use Commercial Mixed |
| Acreage | 4.28 |
| Water Front | Yes |
| Property View | Harbor, Marina View |
Taxes
| Property | 19477 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 18 East of Holiday Inn US #1 & Coco Plum |
| Community Name | Driftwood Estates (54.0) |
| Listing VS Median (in Driftwood Estates (54.0)) | |
Price: $7,950,000 low | high Med: $3,599,000 sqft: 4,510 low | high Med: 3,017 $ / sqft: $1,763 low | high Med: $1,193 On site: 6 low | high Med: 7 | |
Market Activity 33050
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 18 East of Holiday Inn US #1 & Coco Plum |
| Community Name | Driftwood Estates (54.0) |
| Listing VS Median (in Driftwood Estates (54.0)) | |
Price: $7,950,000 low | high Med: $3,599,000 sqft: 4,510 low | high Med: 3,017 $ / sqft: $1,763 low | high Med: $1,193 On site: 6 low | high Med: 7 | |
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
