11600 Overseas Highway $1,699,999

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    11600 Overseas Highway Marathon, FL 33050

    • 7,130 sq. ft.
    • Commercial
    • MLS# 590653
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    Views: 11 Days On Site: 181

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    Property Details

    3.8%-4.6%. End of lease term is 2032 however Tenant willing to sign an additional 5 year option with 10% rent increase providing you a CAP of 4.6%. NNN + Lease with no expenses to the owner whatsoever. No need for property manager here as Tenant has been there 28 years and has recently remodeled the entire building and adding additional renovations by year end 2020. Located just south of Vaca cut bridge Directly off US 1. Well established National Tenant maintains all property taxes, insurance, and property maintenance approx. 35k annually. New roof 2018, new interior walls, paint, electric, lighting, insulation, breaker boxes, updated bathroom, added extra bathroom in 2018. Recent appraisal for Building based on size and square footage of $1,699,999. Appraisal available upon request

    • General Features
      • Land Size Less Than 1/4 Acre
      • Building Square Footage 7,130
      • For Sale or Lease For Sale
      • Type Auto Care
      • Style Commercial
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Subdivision Key Colony Sub (53.0)
      • Key Island Marathon
      • Miscellaneous High Traffc Location, High Visibility, Highway Frontage, Security System
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Terms Buyer Obtain Finance
      • Taxes $9,685
      • Tax Year 2019
      • Deed Restrictions No
    • Building Features
      • Appliances No Appliances
      • Cooling/Heating Central A/C
      • Construction CBS
      • Flooring Concrete, Tile Floor
      • Roof Metal Roof
      • Stories 1.0
      • Windows/Doors Glass Doors, Other Windows/Doors
    • Property Features
      • Dockage None
      • Garage Spaces 4+
      • Garage/Parking Common Parking, Off Street Parking
      • Side Bay/Gulf
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities FKAA, Municipal Sewer
      • Tenant Pays Electric, Garbage, Insurance, Sewer, Taxes, Water
      • Zoning RM - Residential Medium

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    Neighborhood

    33050 (Marathon) Demographics

    43 Median Age
    1,036 Population Density (per sq. mile)
    35% College Educated
    $52,250 Estimated Median Income
    2,067 Estimated Total Home Owners
    1,429 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    9,417 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $494,000 Median Sales Price
    42 Homes Sold
    57 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,699,999
        7/20/2020 3:24:27 PM Price Reduced Source New Value: $1,699,999 -2.86%
        4/27/2020 11:24:00 AM New in Database Source New Value: $1,750,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2020 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.