About 12685 Overseas Highway
Excellent development opportunities on this large Mixed Use commercial waterfront parcel with 200 feet of direct US Highway 1 frontage. 2.1 +/- upland acres and 1.47 acres of owned bay bottom in Bonefish Harbor with at least 5' controlling depth and access to the Atlantic Ocean. Previously existing 550+ dockage, which can be replaced, accessed directly to navigable boating channel. The property's current use is a hotel/marina but the hotel business and accompanying Transient Rights (hotel unit rights) do not convey. Commercial square footage shall remain vested upon the property and Marina license may transfer. Seller has Development Plan for 33,400 Steel Building as a Boathouse with potential for 200 dry boat racks. Total number of dry racks could increase as City of Marathon building height ordinance has changed (increased) since plans were drawn. Dock plans allow for multiple configurations, including 30 wet slips with boat launch zone. Significant Seller Financing may be available to qualified purchasers with attractive terms and loan structures. Mixed Use is a commercial land use designation which allows for multiple development possibilities. Large commercial parcels with both US 1 and water frontage are not common and provide a considerable number of opportunities. DO NOT ENTER PROPERTY without permission and appointment
Features of 12685 Overseas Highway
| MLS® # | 607580 |
|---|---|
| Price | $7,975,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,619 |
| Year Built | 1957 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 12685 Overseas Highway |
|---|---|
| Area | 18 - East of Holiday Inn US #1 & Coco Plum |
| Subdivision | Driftwood Estates (54.0) |
| City | MARATHON |
| County | Monroe |
| State | FL |
| Zip Code | 33050 |
Amenities
| Utilities | FKAA, Municipal Sewer |
|---|---|
| Parking | Off Street Parking |
| View | Harbor/Marina View |
| Is Waterfront | Yes |
| Waterfront | Oceanfront |
Interior
| Appliances | No Appliances |
|---|
Exterior
| Lot Description | 2 Less Than 5 Acres |
|---|---|
| Construction | Other Construction |
Additional Information
| Date Listed | November 28th, 2023 |
|---|---|
| Days on Market | 153 |
| Zoning | MU - Mixed Use Commercial Mixed Use |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Joshua Mothner |
|---|---|
| Office | Coldwell Banker Schmitt Real Estate Co. |