40 W Kyle Way, Marathon, FL 33050
$2,775,000
Property Type:
Commercial Sale
Bedrooms:
11
Baths:
12
Square Footage:
6,248
Lot Size (sq. ft.):
20,010
Status:
Closed
Current Price:
$2,775,000
List Date:
2/09/2022
Last Modified:
9/09/2024
Description
Iconic Knights Key Inn! Knights Key Inn location is best described as unique with ocean views and views of the famous 7 Mile Bridge. The Old Seven Mile Bridge is open for walking and biking! This business is completely turnkey and impeccably maintained for the new owner. Industrial washer and dryer installed recently. A short walk from Knights Key Inn to the 7 Mile Bridge to take Sunset pictures. There are 10 transient licenses. The property appraised for $3,460,000 in 2018. There is an apartment on site for the manager/owner. An office space could produce additional income or made into another rental unit. Centered in the Middle Keys and it's short walk to the Sunset Grille for dining.
More Information MLS# 598989
Contract Information
Current Price: $2,775,000
Listing Date: 2022-01-01
Listing Board: Marathon/Lower Keys
Sold Price: $2,775,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 40
Direction: W
Street Name: Kyle
Street Suffix: Way
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Subdivision: Knights Key Village (47.0)
County: Monroe
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 190ft. by. 115ft
Lot SqFt: 20010
Waterfront: No
Business Name: Knights Key Inn
# Stories: 3
Total # Buildings: 1
Building SqFt: 6248
SqFt Source: Property Data Card
Living Apx SqFt: 6248
Year Built: 1968
Total Bedrooms: 11
Full Baths: 11
Half Baths: 1
Total Baths: 12
Status Change Info
Under Contract Date: 2022-02-13
Sold Date: 2022-04-29
Sold Price: $2,775,000
Sold Comments: Congrats everyone!
Status: Closed
License Info
# of Transient Licns: 10
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Misc Property Info
Recorded Plat: Yes
Property Info
# Kitchens: 11
# Refrigerators: 11
# Range/Ovens: 10
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: Unknown
Type: Hotel/Motel
Waterfront: None
Waterview: Ocean View
Dockage: None
Vehicle Storage: Off Street Parking; Trailer Storage
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Furnished; Laundry Room; Window Treatments
Appliances: Range; Refrigerator
Miscellaneous: Open Water View; Pool
Construction: CBS
Floor: Laminate; Tile
Roof: Metal Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Buyer Obtain Finance; Not Assumable
Title: Title Ins - Buyer
Property Rights: Transient License
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: September - 09 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.