7999 Overseas Highway , 1-5

    Marathon, FL 33050
    • $949,700
    • STATUS: Active
    • ON SITE: 195 days
    • MLS #: 580041
    UPDATED: 6 min ago
    $949,700
    • 9
      BEDS
    • 0.47
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,696
      SQFT
    • $352
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1993
    County:

    School Ratings & Info

    Description

    Location, Location, Location. This property is located on US 1 with grandfathered in monument sign ready to be re-designed for new owner. Estimates to replace with digital are in the process. No flooding from Irma. This property sits high and coral bedrock. Great owner/user or investor purchase. Currently 7 furnished offices, 2 bathrooms, plus a 2 bedroom 1 bath furnished apartment which could be used as an owner's unit. The versatile floor plan makes it easy to expand or contract a business with interior doors connecting units. Lots of parking too. Attached is a survey and elevation certificate along with income and expenses for the building. Owner financing available with 50% down or Lease Option. See more remarks for information on special tax benefits for this property.Great location and setup for Owner-Users: Office Suites, Real Estate Office, Vacation Rental Company, Doctor's Offices, Plumbers, Electricians or just about any type of commercial use business. Zoned Commercial Mixed Use with lots of possibilities. Note: This property is located in an area nominated by the state as an Opportunity Zone for tax purposes and offers additional capital gains tax benefits: https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx Investors can defer and reduce realized capital gains on the principal invested, and even eliminate their capital gains tax burden on returns earned through the sale of investments in qualified Opportunity Zones. Contact your Accountant to confirm how this property could benefit your investment. https://fundrise.com/education/blog-posts/tax-incentives-of-investing-in-opportunity-zones

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jimmy Lane Real Estate Team | Century 21 Schwartz Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.jimmylane.com/homes/83270813

    7999 Overseas Highway , 1-5 Marathon, FL 33050

    • Price: $949,700
    • Status: Active
    • Updated: 6 min ago
    • MLS #: 580041
    9
    Beds
    3
    Baths
    0
    ½ Baths
    0.47
    Acres
    2,696
    SQFT
    $352
    $/SQFT
    1993
    Built
    Neighborhood:
    Imber Sub (51.0)
    County:
    Monroe
    Area:
    16 - Sombrero Bch Rd To Vaca Cut - Oceanside
    Property Description
    Location, Location, Location. This property is located on US 1 with grandfathered in monument sign ready to be re-designed for new owner. Estimates to replace with digital are in the process. No flooding from Irma. This property sits high and coral bedrock. Great owner/user or investor purchase. Currently 7 furnished offices, 2 bathrooms, plus a 2 bedroom 1 bath furnished apartment which could be used as an owner's unit. The versatile floor plan makes it easy to expand or contract a business with interior doors connecting units. Lots of parking too. Attached is a survey and elevation certificate along with income and expenses for the building. Owner financing available with 50% down or Lease Option. See more remarks for information on special tax benefits for this property.Great location and setup for Owner-Users: Office Suites, Real Estate Office, Vacation Rental Company, Doctor's Offices, Plumbers, Electricians or just about any type of commercial use business. Zoned Commercial Mixed Use with lots of possibilities. Note: This property is located in an area nominated by the state as an Opportunity Zone for tax purposes and offers additional capital gains tax benefits: https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx Investors can defer and reduce realized capital gains on the principal invested, and even eliminate their capital gains tax burden on returns earned through the sale of investments in qualified Opportunity Zones. Contact your Accountant to confirm how this property could benefit your investment. https://fundrise.com/education/blog-posts/tax-incentives-of-investing-in-opportunity-zones
    Exterior Features

    Construction Manufactured Dockage None Land Size 1/4 - 1/2 Acre Lot Size Irregular Miscellaneous FencingHandicap AccessHigh Traffc LocationHigh VisibilityHighway FrontageManager On PremisesOther MiscellaneousResidence On PremiseSecurity SystemStorageUtility Building Parking Spaces 12 Roof Metal Roof Shutters Panel Side Ocean Style Commercial Vehicle Storage Common ParkingGuest ParkingTrailer Storage Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

    Interior Features

    Appliances DryerRangeRefrigeratorWasher Cooling Heating Ceiling FansCentral A/C Floor CarpetTile FloorVinyl Floor Interior Features Drapes/Blinds InclFurnishedSmoke AlarmsWindow Treatments Kitchens 2 Net Leasable Area 2696.00 Range Ovens 1 Refrigerators 3 Washers 1 Windows Doors Aluminum Windows

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Building Only City Marathon Commercial Type Boat CareBoat Sales/ServiceOffice BuildingsOther ServicesProfessional ServiceRetail Control Depth 0 Deed Restrictions No Dryers 1 Electric Circuit Breakers Electric Meters 4 Fee Includes None Fema List No Flood Zone Ae6 Listing Board Marathon/Lower Keys Mile Marker 51.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Multi-Use/CommercialOther/See Remarks Property Type Commercial Sq Ft Source Seller Tax Year 2017 Taxes 3860.00 Tenant Paid CableElectricSewerWater Terms Buyer Obtain FinanceExchangeSeller Finance Psble Title Title Ins - Buyer Total Units 4.00 Utilities FkaaMunicipal Sewer Water Meters 3 Zoning Mu - Mixed Use Commercial Mixed Use

    Listing courtesy of Gidget Jackson of Florida Keys Real Estate Llc Dba: Florida Keys Island Realty.


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors, Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jimmy Lane Real Estate Team | Century 21 Schwartz Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
     
    Jimmy Lane Real Estate Team | Century 21 Schwartz Realty
    211 Simonton Street
    Key West FL, 33040