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Gelfand Realty Miami Properties - Business Opportunity

5000 OVERSEAS HWY, MARATHON, FL 33050

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Business Opportunity -

5000 OVERSEAS HWY, MARATHON, FL 33050

Date Sold 07-01-2020

Sold Price$2,650,000 Asking Price$3,000,000

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  • Days on market:

    112 day(s)

  • Original Price:

    $3,200,000

  • Price per sqft:

    $1036.63

  • Tax Legal Description:

    PEARCES SUB PB2-161 KEY VACCA LOT 1 AND 2 AND LOTS 1 THRU 5 BLK 2 OF VACA VILLAGE PB2-106 G75-277 OR8-113 OR14-33 OR130-101 OR284-113 OR284-115 OR404-329 OR518-1002 OR518-1005 OR823-1333 OR1069-1556 OR1069-1557 OR1307-949 OR1318-1209Q/C OR1634-2299/2301 OR1705-48 OR1705-49 OR2233-1645/1671(AGREE) OR2249-532/33 OR2249-534 OR3004-2421CT

  • Tax Year:

    2019

  • Property Type:

    Business Opportunity

  • Construction Type:

    Block

  • Cooling Description:

    Wall/Window Unit(s)

  • Special Listing Conditions:

    Real Estate Owned

Description

$3,000,000 • living size area 2894 sqft

Bank owned 23 unit motel with a nearby residential duplex operated as part of the motel for a total of 25 units. nice condition located in the heart of marathon, fl. property is actively operational under management company and produces cash flow with historical high occupancy and repeat business. minor deferred maintenance and recent new roofs on buildings.
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