12020 Overseas Highway 8
MARATHON, Florida FL 33050
Sold For: $1,600,000
Listing ID: 582363
Status: Closed
Bedrooms: 9 Bed
Total Baths: 9 Bath
Full Baths: 9 Bath
SqFt: 3,638 Sq Ft
Year Built: 1960

Rare to the market, waterfront Motel/Botel. Well established business with the same owners for 32 years. Property is comprised of one freestanding building, 8 transient units ranging from (5) kitchenette to (3) standard canal front rooms, one (1)- bedroom managers apartment, front desk, laundry and 170' of dockage. Incredible location with direct Overseas Highway exposure. The motel enjoys canal frontage, boat ramp , direct Gulf and Ocean access. Walking distance to Capt. Hooks Marina, Aquarium Encounters, restaurants & shopping. The property is well maintained and has had several upgrades in the past year (roof, landscaping, appliances, and more). Rated 4.5 stars on Trip Advisor. Own your piece of paradise in the heart of Marathon.

Primary Features

Subdivision: Hawaiian Village (53.5)
Year Built: 1960
Zoning: MU - Mixed Use Commercial Mixed Use

Additional

1st Right of Refusal: no
As Is/Right To Inspect: yes
Auction: no
Business Name: Royal Hawaiian Motel
Control Depth: 4
Deed Restrictions: No
Electric: Circuit Breakers
FEMA List: no
Miscellaneous: High Traffc Location, High Visibility, Highway Frontage, Lobby, Manager on Premises, Pool, Utility Building
Number of City License: YES
Number of Transient License: YES
Property Info: License Included
Property Rights: Transient License
Shutters: Panel
Total Number of Buildings: 1
Type 2: Hotel/Motel
Utilities: FKAA, Municipal Sewer
Windows/Doors: Sliding Glass Doors
Year Established: 1960-06-01

Location Information

Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Key/Island: Marathon
Mile Marker: 53.5
Parcel Number: 00357710-000000

Interior Features

Appliances: Refrigerator
Cooling/Heating: Window/Wall Unit
Floor: Tile Floor
Interior Features: Drapes/Blinds Incl, Furnished
Number of Dryers: 1
Number of Efficiencies: 5
Number of Kitchens: 6
Number of Refrigerators: 6
Number of Stories: 1
Number of Washers: 1
SqFt Source: Property Data Card

Financial Details

Bank Owned: no
Fee Includes: None
Financial Status: Bank Owned: no
Financial Status: Potential Short Sale: no
For Sale/Lease: For Sale
HOA: no
Net Leasable Area: 3638
Potential Short Sale: no
Tax Year: 2017
Taxes: 13010.9
Terms: Buyer Obtain Finance

External Features

Construction: CBS
Dock: Wood
Dock Length: 170
Dockage: Boat Ramp
Flood Zone: AE,AE
Land Size: 1/4 - 1/2 Acre
Lot Size: 50x95
Lot SqFt: 19230
Off Shore Island: no
Side: right
Style: Commercial
Vehicle Storage: Common Parking, Guest Parking
Waterfront: yes
Waterfront Type: Canal Front
Waterview: Canal View

Zoning Info


Area Info


©2019 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. Listing courtesy of Berkshire Hathaway HomeServices Keys Real Estate. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated: Thursday, December 12th, 2019 at 07:56:35 PM.

Contact - Listing ID 582363

Will Langley

336 Duval Street
Key West, FL 33040
USA
Phone: 305-394-9020
Fax: 305-296-0946
http://www.keysrealestate.com/

Data services provided by IDX Broker
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