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400 Sadowski, KEY COLONY, FL

$6,598,000 - $6.6M Price - 6,975 Sqft - 209 DOM

This marina property located in City of Key Colony Beach, contains approx, 55,157 square ft or 1.27 acres of upland area, plus 0.62 acres or 27,007 sq ft of submerged land, frontage of 685 linear ft along Sadowski Causeway and 110 ft in depth to the easterly boundary of Bone Fish Bay with approx 1,060 linear ft of sea wall. There are 33 wet boat slips, dive shop, bait shop and small Tiki Hut, ample parking. Each slip has separate water and electric meters and sewer pump-out. There is a fuel dock with 3, dual-dispensers for diesel and gasoline, a 3-tank above ground fuel tank enclosure (1 @4,000 gallons-gasoline, 2@6,000 gallons-diesel). The site contains approx 1,060 linear ft of sea wall.The property is accessed from the Sadowski Causeway leading northerly to US Highway 1 and southerly to Ocean Drive in Key Colony Beach as well as from the Florida Straits via Bonefish Bay. There is the possibility for developing the property by moving the liveaboard rights from the slips to the upland for residential development. Gross revenue from the waterfront restaurant (demolished after hurricane. Can be rebuilt on original footprint) of between $1,500,000 (2017) and $1,900,000 (2016). The revenue as an operating restaurant should increase the capital.

Essential Information

For 400 Sadowski, KEY COLONY, FL
  • MLS® # 585591
  • Price $6,598,000
  • Bathrooms 0.00
  • Square Footage 6,975
  • Year Built 1961
  • Type Commercial
  • Sub-Type Commercial
  • Status Active

Community Information

For 400 Sadowski, KEY COLONY, FL
  • Address 400 Sadowski
  • Subdivision Marina Sub (54.0)
  • City KEY COLONY
  • County Monroe
  • State FL
  • Zip Code 33051

Area

For 400 Sadowski, KEY COLONY, FL

17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

Amenities

For 400 Sadowski, KEY COLONY, FL
  • View Canal View, Harbor/Marina View
  • Is Waterfront Yes
  • Waterfront Bay Front

Utilities

For 400 Sadowski, KEY COLONY, FL

FKAA, Municipal Sewer, Buyer to Verify

Exterior

For 400 Sadowski, KEY COLONY, FL
  • Lot Description 1 Less Than 2 Acres
  • Construction Other Construction

Additional Information

For 400 Sadowski, KEY COLONY, FL
  • Date Listed May 9th, 2019
  • Days on Market 209
  • HOA Fees 0.00

Zoning

For 400 Sadowski, KEY COLONY, FL

B - 1 - Key Colony Business Res

Listing Details

For 400 Sadowski, KEY COLONY, FL
  • Agent Kathleen Morgan
  • Office Century 21 Island Life BPK

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