12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
12685 Overseas HWY, Marathon, FL 33050
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Susan Recarey

Susan Recarey

+1(305) 942-8310
Listed by Joshua James Mothner Coldwell Banker Schmitt Real Estate Co.
$ 7,950,000
Est. payment | /mo

5 Beds

5 Baths

4,510 SqFt

Save
$ 7,950,000
Est. payment | /mo
Save

5 Beds

5 Baths

4,510 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,510 sqft

Price per Sqft $1,762

Subdivision Driftwood Estates (54.0)

MLS Listing ID 621748

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1957

Annual Tax Amount $19,477

Tax Year 2025

Lot Size 4.285 Acres

Acres 4.28

Lot Dimensions X

Property Sub-Type Commercial

Land Area 4510

Property 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.

Location

State FL

County Monroe

Area 18 - East Of Holiday Inn Us #1 & Coco Plum

Zoning MU - Mixed Use Commercial Mixed Use

Direction US 1 to 12685 Overseas Highway.

Interior

Appliance No Appliances

Exterior

Parking Features Off Street

Utilities Available FKAA, Municipal Sewer, Buyer To Verify

Waterfront Description Open Water

Garage No

Others

HOA Fee Include None

Tax ID 00362650-000000

Miscellaneous High Visibility, Open Water View, Highway Frontage

Acceptable Financing Owner May Carry

Listing Terms Owner May Carry

Nearby Locations

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12685 Overseas HWY