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250 Gulf Terrace, MARATHON, FL

$1,800,000 - $1.8M Price - 71,714 Sqft - 314 DOM

Property located in the only opportunity zone in Monroe County. Tremendous tax benefits and incentives. Conditional use approval for fifteen-units; nine-affordable and six-market rate. Affordable allocations are expected early 2020. Market rate allocations expected mid-2020. Property surrounded by water with cap rock. Plat map, aerial, site plan, survey, vegetation survey, conditional use approval, opportunity zone map and explanation of tax benefits on file under ''Documents''.

Essential Information

For 250 Gulf Terrace, MARATHON, FL
  • MLS® # 586597
  • Price $1,800,000
  • Square Footage 71,714
  • Type Vacant Land
  • Status Active

Community Information

For 250 Gulf Terrace, MARATHON, FL
  • Address 250 Gulf Terrace
  • Subdivision Schmitt Sub (51.0)
  • City MARATHON
  • County Monroe
  • State FL
  • Zip Code 33050

Area

For 250 Gulf Terrace, MARATHON, FL

15 - Sombrero Bch Rd to Vaca Cut Gulfside

Amenities

For 250 Gulf Terrace, MARATHON, FL
  • View Canal View
  • Is Waterfront Yes
  • Waterfront Canal Front

Exterior

For 250 Gulf Terrace, MARATHON, FL
  • Lot Description 1 Less Than 2 Acres

Additional Information

For 250 Gulf Terrace, MARATHON, FL
  • Date Listed July 22nd, 2019
  • Days on Market 314
  • Zoning MU - M - Mixed Use - Maritime
  • HOA Fees 0.00

Listing Details

For 250 Gulf Terrace, MARATHON, FL
  • Agent Steve Smith, P.a.

Office

For 250 Gulf Terrace, MARATHON, FL

Ocean Sotheby's International Realty (Marathon)

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64.9k SqFt
1.5 +/- Ac ocean frontage. -180' +/- of Beach/Dockage. Permitted boat basin/ramp. Includes 4 building rights. Letters of Current Site Condition and Determination of Building Rights. Zoning provides for up to total 9 units. Water/sewer/electric to site ready to build. BUILDING PERMIT PENDING. Call for detailed package. Property is fenced and gated. Appointment to show.
Coldwell Banker Schmitt Real Estate Co.

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