This Multifamily Property is Off-Market.

59151 Overseas Highway
Marathon, FL 33050 ·

85 Spaces · Multifamily For Sale

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Pelican Motel & Trailer Park

Price N/A Property Use Type Investment
No. Spaces 85 Commission Split 3%
Property Type Multifamily Occupancy 100%
Property Sub-type Mobile Home/RV Community Lot Size 4.77 AC
Listing ID: 15494153 Date Created: 12/31/2007 Last Updated: 08/17/2009

Description

Fully rented RV park with 85 licensed spaces and 9-unit motel and 2/1 manager apt. on 4.77 Bayfront acres with 16 boat slips, onsite sewage treatment plant, bath house and recreation building. Established motel with pool, office and manager unit. Generates $750K in gross income annually with additional revenue from sustainable rate increases. Each RV space is sub-metered for electric & units are charged monthly--base water charge included in lot rent. Two RV units owned and will convey--1 new & used by owner, and 1 used for seasonal staff. Built in the 1950's & upgraded in 2006. RV units are considered transient units in City of Marathon and can be transferred offsite or redeveloped on site into transient hotel or condo units on a one-for-one basis. Adjoining marina for sale. Lots of possibilities and opportunities with this great property. Call for a complete package.

At Mile Marker 58 in the Florida Keys. Marathon is an island community made up of over 60 isles situated in "The Heart of the Florida Keys," located 80 miles south of the mainland, and just 50 miles north of Key West. Marathon has blossomed into a small city centered on the island of Vaca Key at the midpoint of the Keys island chain. It boasts homey resorts, luxury accommodations, and the conveniences of a modern community, including a 58-bed hospital and plenty of shopping opportunities. At the same time, Marathon has retained the charm of its roots as a 19th-century fishing village.

Research

59151 Overseas Highway, Marathon, FL 33050 (Monroe County)

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