1458 Coral Drive, Marathon, FL 33050
$2,675,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
43,695
Status:
Closed
Current Price:
$2,675,000
List Date:
2/04/2014
Last Modified:
9/09/2024
Description
Tremendous Opportunity to Own Captain Pip's Hideaway and Vacation Rental property directly on the Gulf of Mexico, next to the World Famous Seven Mile Bridge. The real estate includes 4 parcels of land (three of which are waterfront with rights to the bay bottom and docks), 12 transient licenses, and 15 total units. The boat rental business includes 14 boats, parts, accessories, etc. Commercial appraisal of the real estate was completed Jan. 30, 2014, at $2.5 million. The boat rental business had net operating profit of $113,000 for 2013.
More Information MLS# 119314
Contract Information
Current Price: $2,675,000
Listing Date: 2014-02-04
Listing Board: Key West Association
Sold Price: $2,675,000
Limited Representation: Yes
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location Tax Legal
Street #: 1458
Street Name: Coral
Street Suffix: Drive
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: W R Thompson Sub (48.0)
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 43695
Waterfront: Yes
Control Depth: 6
Business Name: Captain Pip's
Year Established: 1958-01-01
Total Units: 15
Year Built: 1958
Status Change Info
Under Contract Date: 2014-04-29
Sold Date: 2014-05-01
Sold Price: $2,675,000
Status: Closed
License Info
# of Transient Licns: 2
Association Info
Mandatory Home Owners Asc: No
Dockage
Dock: Other
Seawall: Other
Financial Status
Potential Short Sale: No
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Hotel/Motel; Marina; Retail
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Open Water View
Dockage: Basin; Boat Slip; Dock Privileges
Cooling: Ceiling Fans(s); Central Air; Heat Pump
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room
Miscellaneous: High Visibility; Manager on Premises; Open Water View; Patio; Residence on Premise; Storage
Construction: CBS
Roof: Concrete Roof
Land Size: 1 Less Than 2 Acres
Property Rights: Transient License
Listing Office: Royal Palms Realty (KW)
Last Updated: September - 09 - 2024
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