Listing ID603218
Price$7,900,000
StatusActive
Bedrooms9
Total Baths9
Full Baths9
SqFt 5,242
CountyMonroe
SubdivisionCasa Manana Shores (50.5)
Year Built1953
Property TypeResidential
Property Sub TypeMulti-family
Development opportunity! 20 parcels consisting largely of Mixed-use commercial zoning and some residential. Any strictly commercial use such as a marina, office, restaurant, or retail use would not require TBR's. There is an abundance of commercial square footage in Marathon which could allow a significant development. Property has 500 ft of US 1 frontage with over 600 ft of shoreline on the Gulf of Mexico. Site contains 9 units/development rights consisting of 6 transient and 3 market rates. Surveys available, lot is partially cleared with 2019 Vegetation survey on file. Close to multiple national tenants and located on Direct open water. Site has no medians on its US1 corridor, and a turning lane runs the entire 500 ft. Protected dockage and High Visibility both North and South make this a quality site for National tenants. There is currently multi-unit housing located on site, No leases in place everything month to month. Property is approx. 8 acres plus or minus. Survey, Veg Survey, Determination letter, Letter of site condition available upon request. Property is suited for residential and commercial development, with several single-family home lots on the west side and acres of Mixed use spanning across US1. An affordable housing component is also possible subject to the availability of any new entitlements.
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#IDX-primaryPhoto,#idx-details-headerListed by: Coldwell Banker Schmitt Real Estate Co. (305) 289-6559

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