Price$979,000
StatusActive
SqFt
10,000
CountyMonroe
SubdivisionMarathon Beach (49.0)
Property TypeVacant Land
Property Sub TypeVacant Land
Listing Agent
Walt Lee
Title:
Sales Associate
Address:
336 Duval Street
City:
Key West
State/Province:
FL
Zipcode:
33040
Office Phone: 305-294-5155 Office Fax:
305-296-0946
Redevelopment opportunity in MU zoning. THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses (see attachment). According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, school, shopping, restaurant & bars. This is a duplicate entry because existing structure can not be kept & must be leveled so you are basically buying a vacant lot with ROGOs. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with an empty lot & a clean slate. Historically, this parcel had residential use with dwelling units in two separate buildings. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Buyer to verify utilities. Currently 3 ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: ''https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning ''
