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Redevelopment opportunity with 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 for this redevelopment opportunity. 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, schools & shopping. 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 a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three 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 '

Listing ID603170
Price$979,000
StatusActive
Bedrooms4
Total Baths3
Full Baths3
SqFt 3,220
Acres 0.230
CountyMonroe
SubdivisionMarathon Beach (49.0)
Year Built1975
Property TypeResidential
Property Sub TypeMulti-family

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RE/MAX ALL KEYS REAL ESTATE
Address: 517 Duval St Suite 200
Key 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

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