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14 125th Street Gulf 6,128 SF Vacant Office Building Marathon, FL 33050 $3,599,000 ($587.30/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 ft of waterfront with deep water dockage approved
- 200 ft of busy US 1 highway frontage!
- Re-development plans available!
- Huge waterfront lot and 6128 sq ft concrete building
- Mixed Use zoning allows large number of commercial and residential use and re-development options
EXECUTIVE SUMMARY
RARE 100' of waterfront re-development or use now opportunity with DEEP WATER DOCKAGE APPROVED! 200' HIGHWAY FRONTAGE! Huge 74,890 SQ FT site with a Conditional Use PERMIT for 10 unit and 4 affordable staff group home units. MIXED USE ZONING has many commercial-residential possibilities...for example: could go to 10 market rate units on site, or higher density with affordable housing, or boutique HOTEL if you bring transient rights, etc. Includes a two-story raised CBS 6,128 SQ FT building that could be used in so many different ways, includes 2,340 SQ FT of extra outdoor porches. BEST LOCATION near Vaca Cut for easy Ocean-Bay access, easy airport access, SHORT-TERM RENTAL FRIENDLY! 6 TBR's are available separately or no TBR's required for pure commercial use! Contact Peter and Ewa Schwarz 305-394-5171 for more info and a private viewing of this amazing opportunity to get into THE KEYS LIFESTYLE...live, work, business, family compound...you can do it all right here on the water! Paint your Keys Lifestyle Paradise picture here with commercial and multi-residential mixed use opportunities RIGHT ON THE WATER IN THE AMAZING FLORIDA KEYS !!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,128 SF
Building Class
C
Year Built
1995
Price
$3,599,000
Price Per SF
$587.30
Cap Rate
10%
NOI
$359,900
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,064 SF
Building FAR
0.08
Lot Size
1.72 AC
Zoning
MU - Mixed Use zoning allows a WIDE RANGE of commercial and residential uses as the building sits, or, many re-development options INCLUDING MULTI-FAMILY
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Waterfront
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
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PROPERTY TAXES
| Parcel Number | 00100540-000000 | Improvements Assessment | $614,802 |
| Land Assessment | $2,348,550 | Total Assessment | $2,963,352 |
PROPERTY TAXES
Parcel Number
00100540-000000
Land Assessment
$2,348,550
Improvements Assessment
$614,802
Total Assessment
$2,963,352
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14 125th Street Gulf
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