12685 Overseas Highway, MARATHON, FL

$7,975,000

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5,619

Square feet

About 12685 Overseas Highway

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. Previously existing 550+ dockage, which can be replaced, accessed directly to navigable boating channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property and Marina license may transfer. Seller has 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. 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. DO NOT ENTER PROPERTY without permission and appointment

Features of 12685 Overseas Highway

MLS® # 607580
Price $7,975,000
Bathrooms 0.00
Square Footage 5,619
Year Built 1957
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 12685 Overseas Highway
Area 18 - East of Holiday Inn US #1 & Coco Plum
Subdivision Driftwood Estates (54.0)
City MARATHON
County Monroe
State FL
Zip Code 33050

Amenities

Utilities FKAA, Municipal Sewer
Parking Off Street Parking
View Harbor/Marina View
Is Waterfront Yes
Waterfront Oceanfront

Interior

Appliances No Appliances

Exterior

Lot Description 2 Less Than 5 Acres
Construction Other Construction

Additional Information

Date Listed November 28th, 2023
Days on Market 228
Zoning MU - Mixed Use Commercial Mixed Use
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJoshua Mothner
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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