11600 Overseas Highway

Marathon, FL
$ 1,699,999 Beds 0 Baths 0 Sq 7,130 Virtual Tour
Monthly Estimate* How much can I afford?

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

Commercial

  • Price
  • $ 1,699,999
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 7,130
  • Full Bathrooms
  • 0
  • Year Built
  • 1974
  • Half Bathrooms
  • 2
  • City, Zip
  • Marathon
  • Taxes
  • 9685
  • County
  • MONROE
  • Style
  • Commercial
  • Area
  • Sombrero Bch Rd to Vaca Cut Gulfside
  • MLS#
  • 590653
  • Zip
  • 33050
Listing Provided by: Coldwell Banker Schmitt Real Estate Co.

Features

General

Appliances No Appliances
Bank Owned No
Building Sq Ft 7130.00
Construction CBS
Fee Includes None
Flood Zone AE 7
Half Baths 2
Lot Sqft 13000.00
Miscellaneous High Traffc Location, High Visibility, Highway Frontage, Security System
Property Type C
Roof Metal Roof
Status Active
Stories 1.0
Style Commercial
Subdivision Key Colony Sub (53.0)
Utilities FKAA, Municipal Sewer
View No Waterview
Virtual Tour https://view.paradym.com/idx/11600-Overseas-Highway-Marathon-FL-33050/4489779
Year Built 1974
Zoning RM - Residential Medium

Interior Features

Cooling/heating Central A/C
Flooring Concrete, Tile Floor
Total Number of Units 0.00

Exterior Features

Latitude 24.730418
Longitude -81.03161
Dockage None
Land Size Less Than 1/4 Acre
Lot Size 125x112
Number of Parking Spaces 10
Off Shore Island No
Side Bay/Gulf
Species List No
Total # Buildings 1
Vehicle Storage Common Parking, Off Street Parking
Vehicle Storage: Car(s) 4+
Waterfront No
Windows/doors Glass Doors, Other Windows/Doors

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Doral, FL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/27/2020 Listed $1,750,000
7/20/2020 3% - $1,699,999

Property vs Zip Code Average in 33050

Price
AVG $4.21M
$1.7M
Taxes
AVG $15,237
$9,685
Visits
AVG 29
37
Year Built
AVG 1976
1974
Walkscore
AVG 37
46
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

11600 Overseas Highway Marathon, FL is a Single Family Home for sale at $1699999 with 7130 sqft and a lot size of Acre(s). 11600 Overseas Highway Marathon has 0 bedrooms, 0 baths and was built in 1974. The property's zip code is 33050 which is in Marathon, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.