8349 Overseas Highway, MARATHON, Florida 33050 (MLS# 601302)
8349 Overseas Highway
MARATHON,
FL $1,395,000
Don't miss this chance! A Florida Keys hot spot, Stouts Restaurant, 3 Unit Strip Center, & Vacant Lot is for sale! The opportunities are endless with this investment property. This is an Asset sale. The current market value of the two parcels of commercial Real Estate on Overseas Hwy including One Transferrable Building Right (TBR), plus the renovated building and equipment is near the asking price. The well known and established business can be included as a bonus. Vacant Lot includes one Transferrable Building Right(TBR) and additional 6,028 sf. of land. Recently renovated kitchen, appliances, dining room, roof, and concrete restoration. The building consists of 3 separate units with separate electrical meters. This rental income producing property won't last long! Financials and complete packet are available with a signed confidential agreement.
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Listing ID601302
Price$1,395,000$104K
StatusContingent/Show
SqFt
2,179
CountyMonroe
SubdivisionLida Sub (51.5)
Year Built1964
Property TypeCommercial
Property Sub TypeCommercial
Status
Contingent/Show
SqFt
2,179
Address
8349 Overseas Highway
City
MARATHON
State
Florida
Postal Code
33050
County
Monroe
Subdivision
Lida Sub (51.5)
Remarks
Don't miss this chance! A Florida Keys hot spot, Stouts Restaurant, 3 Unit Strip Center, & Vacant Lot is for sale! The opportunities are endless with this investment property. This is an Asset sale. The current market value of the two parcels of commercial Real Estate on Overseas Hwy including One Transferrable Building Right (TBR), plus the renovated building and equipment is near the asking price. The well known and established business can be included as a bonus. Vacant Lot includes one Transferrable Building Right(TBR) and additional 6,028 sf. of land. Recently renovated kitchen, appliances, dining room, roof, and concrete restoration. The building consists of 3 separate units with separate electrical meters. This rental income producing property won't last long! Financials and complete packet are available with a signed confidential agreement.
Zoning
MU - Mixed Use Commercial Mixed Use
Property Type
Commercial
Property Sub Type
Commercial
Year Built
1964
1st Right of Refusal
no
As Is/Right To Inspect
yes
Business Name
Stouts Restaurant
Contingent
Contingent/Show
Control Depth
0
Legal
BK 1 LT 42 LIDA SUB PB3-95 KEY VACA OR145-302 OR515-433 OR520-1 OR1425-1770 OR1425-1771AFF OR1425-1772D/C OR2692-2303/04
IDX City Name
Marathon
IDX County Name
Monroe
Latitude
24.722744
Longitude
-81.054496
Miscellaneous
High Traffc Location, High Visibility, Highway Frontage, Utility Building
Property Rights
Transfer Bldg Rights
Type 2
Office Buildings,Other Services,Professional Service,Restaurant,Retail
Utilities
Buyer to Verify, FKAA, Municipal Sewer, Separate Meters
Listing Price
$1,395,000
photo Count
35
Area
16 - Sombrero Bch Rd to Vaca Cut - Oceanside
Key/Island
Marathon
Mile Marker
51.5
Parcel Number
00347950-000000
Street Name
Overseas Highway
Street Number
8349
Appliances
Dishwasher, Range, Refrigerator
Cooling/Heating
Central Air, Heat Pump, Wall/Window Unit(s)
Floor
Laminate, Tile
SqFt Source
Tax Records
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
2179
Potential Short Sale
no
Tax Year
2021
Taxes
4946.28
Rent/Lease
neither
Rent/Lease Price
$1,395,000
Construction
CBS
Dockage
None
Flood Zone
AE,AE
Land Size
More than 1 Lot
Lot Size
53 X 140
Lot SqFt
12554
Side
right
Style
Commercial
Vehicle Storage
Off Street Parking
Waterfront
no
Waterfront Type
None
Waterview
No Waterview
Request More Information - Listing ID 601302
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key West, FL 33040
United States
Phone: 305-296-1400
Phone Alt: 305-304-0084
KEY LARGO LOCATION:
305-451-0060 Office
Business Address:
98880 Overseas Hwy, Key Largo, FL 33037
Similar Listings
Request More Information
Request More Information - Listing ID 601302
RE/MAX ALL KEYS REAL ESTATE
Address:
517 Duval St Suite 200Key West, FL 33040
United States
Phone: 305-296-1400
Phone Alt: 305-304-0084
KEY LARGO LOCATION:
305-451-0060 Office
Business Address:
98880 Overseas Hwy, Key Largo, FL 33037
Map
8349 Overseas Highway
MARATHON, FL 33050
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