12020 Overseas Highway 8, Marathon, FL 33050

$1,600,000

Property Type: Commercial Bedrooms: 9 Baths: 9 Square Footage: 3,638 Lot Size (sq. ft.): 19,230 Status: Closed

Current Price: $1,600,000 List Date: 10/18/2018 Last Modified: 9/10/2024

Description

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.

More Information MLS# 582363

Contract Information

Listing Board: Marathon/Lower Keys Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $1,600,000 Listing Date: 2018-10-17 Sold Price: $1,600,000

Location, Tax & Legal

Unit #: 8 City: MARATHON Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Vaca East (Vaca to Coco) Side: Bay/Gulf Flood Zone: AE,AE Alternate Key #: 1439762 Parcel #: 00357710-000000 Zoning: MU - Mixed Use Commercial Mixed Use Legal: HAWAIIAN VILLAGE PB4-70 FAT DER KEY LT 1 & PT LOT 2 BLK C & PT LOT 1 BLK D & W10' LOT 1 BLK G & ALL BLK F & PRIVATE RIGH Taxes: 13010.9 Tax Year: 2017 Street #: 12020 Street Name: Overseas Street Suffix: Highway Key/Island: Marathon State/Province: FL Zip Code: 33050 Subdivision: Hawaiian Village (53.5) County: Monroe Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 4 Lot Size: 50x95 Lot SqFt: 19230 Business Name: Royal Hawaiian Motel Total Units: 0 Year Established: 1960-06-01 # Stories: 1 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 3638 Style: Commercial Living Apx SqFt: 3638 Year Built: 1960 Total Bedrooms: 9 Full Baths: 9 Total Baths: 9

Remarks & Misc

Remarks – Consumer: 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.

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Condo Doc's: No

Type

Hotel/Motel: 1

Fee Includes

None: 1

Misc Property Info

Recorded Plat: Yes

Dockage

Dock Length: 170 Dock: Wood Boat Ramp: 1

Appliances

Refrigerator: 1

Property Info

# Kitchens: 6 # Efficiencies: 5 # Refrigerators: 6 # Washers: 1 # Dryers: 1 License Included: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

Canal Front: 1

Electric

Circuit Breakers: 1

Waterview

Canal View: 1

Floor

Tile: 1

Interior Features

Drapes/Blinds Incl: 1 Furnished: 1

Windows/Doors

Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Common Parking: 1

Construction

CBS: 1

Land Size

1/4 - 1/2 Acre: 1

Terms

Buyer Obtain Finance: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Title

Title Ins - Buyer: 1

Property Rights

Transient License: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Lobby: 1 Manager on Premises: 1 Pool: 1 Utility Building: 1

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Panel: 1

Status Change Info

Sold Date: 2019-08-19 Sold Price: $1,600,000 Status: Closed

Property Features

Deed Restrictions: No Property Info: License Included Type: Hotel/Motel Waterfront: Canal Front Waterview: Canal View Dockage: Boat Ramp Vehicle Storage: Common Parking; Guest Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Furnished Appliances: Refrigerator Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Pool; Utility Building Construction: CBS Electric: Circuit Breakers Shutters: Panel Floor: Tile Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Buyer Obtain Finance Title: Title Ins - Buyer Property Rights: Transient License

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate

Last Updated: September - 10 - 2024

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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