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3920 Louisa Street

Marathon, FL 33050
  • $979,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 604529
UPDATED: 45 min ago
$979,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Redevelopment opportunity in MU zoning. THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses (see attachment). According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, school, shopping, restaurant & bars. This is a duplicate entry because existing structure can not be kept & must be leveled so you are basically buying a vacant lot with ROGOs. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with an empty lot & a clean slate. Historically, this parcel had residential use with dwelling units in two separate buildings. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Buyer to verify utilities. Currently 3 ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: ''https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning ''

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/137638780
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3920 Louisa Street Marathon, FL 33050

  • Price: $979,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 45 min ago
  • MLS #: 604529
0
Beds
0
Baths
0
½ Baths
0.23
Acres
Neighborhood:
Marathon Beach (49.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
Redevelopment opportunity in MU zoning. THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses (see attachment). According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, school, shopping, restaurant & bars. This is a duplicate entry because existing structure can not be kept & must be leveled so you are basically buying a vacant lot with ROGOs. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with an empty lot & a clean slate. Historically, this parcel had residential use with dwelling units in two separate buildings. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Buyer to verify utilities. Currently 3 ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: ''https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning ''
Exterior Features

Dockage None Lot Dimensions 200 X 50 Side Bay/Gulf Waterfront None Waterfront YN No Waterview No Waterview

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Building Permit No Permit City Marathon Control Depth 0 Deed Restrictions Unknown Existing Utilities Other See Remarks Flood Zone Ae Listing Board Key West Association Mile Marker 49.00 Mobile Home Lot No Potential Short Sale No Potential Short Sale Financial Status No Property Rights Multi-Use/CommercialOther See Remarks Tax Exemptions None Tax Year 2022 Taxes 5586.75 Title Title Ins - Buyer Total Lots 1.00 Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Walt Lee of Berkshire Hathaway Knight & Gardner: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
422 Fleming St Suite 7
Key West FL, 33040