40 W Kyle Way $2,895,000


    40 W Kyle Way Marathon, FL 33050

    • 6,248 sq. ft.
    • Commercial
    • MLS# 593685
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    Views: 35 Days On Site: 125

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    Property Details

    Description Tours Print

    Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. Once the repairs are finished on the bridge it will be a short walk to access the bridge with the walk way under the end of the bridge without having to drive anywhere. There are 10 transient licenses included with 2 other spaces for 2 additional rooms. The property appraised for $3,460,000 in 2018. The 2 additional rooms could net the new owner over $36,000. An office space could include $1,300/month income. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.

    • General Features
      • Land Size 1/4 - 1/2 Acre
      • Building Square Footage 6,248
      • For Sale or Lease For Sale
      • Type Hotel/Motel
      • Style Commercial
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Subdivision Knights Key Village (47.0)
      • Key Island Marathon
      • Miscellaneous Open Water View, Pool
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Terms Buyer Obtain Finance
      • Taxes $16,142
      • Tax Year 2019
    • Building Features
      • Interior Features Drapes/Blinds Incl, Furnished, Laundry Room, Window Treatments
      • Appliances Range, Refrigerator
      • Cooling/Heating Ceiling Fans, Window/Wall Unit
      • Construction CBS
      • Flooring Tile Floor
      • Roof Metal Roof
      • Windows/Doors Aluminum Windows
    • Property Features
      • Dockage None
      • Garage/Parking Off Street Parking, Trailer Storage
      • Side Ocean
      • Water View Ocean View
      • Waterfront Property No
      • Waterfront Type None
      • Utilities FKAA, Municipal Sewer
      • Zoning RM - Residential Medium



    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

    $574,300 Median Sales Price
    69 Homes Sold
    53 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: $2,895,000
        4/2/2021 1:23:26 PM Price Reduced Source New Value: $2,895,000 -3.34%
        3/26/2021 9:23:45 PM Status Changed Source New Value: Active
        3/21/2021 6:23:26 PM Status Changed Source New Value: Contingent/Show
        2/25/2021 3:23:28 PM Status Changed Source New Value: Active
        2/18/2021 9:23:28 AM Status Changed Source New Value: Contingent/Show
        12/10/2020 9:24:00 AM New in Database Source New Value: $2,995,000

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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 2021 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.