Real Estate Florida Keys
Lela Ashkarian
855 534 4715855 534 4715

11600 Overseas Highway, MARATHON, FL 33050 (MLS # 590653)

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PRICE $1,699,999
SIZE 7,130 sq ft
LOT SIZE 13,000 sqft

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

DAYS ON MARKET 149 LAST UPDATED 7/27/2020
YEAR BUILT 1974 COMMUNITY 15 - Sombrero Bch Rd to Vaca Cut Gulfside
COUNTY Monroe TOTAL PARKING 10
STATUS Active PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Jul 20, '20 $1,750,000
Jul 20, '20 - Today $1,699,999


ADDITIONAL DETAILS
APPLIANCES No Appliances
CONSTRUCTION CBS
COOLING/HEATING Central A/C
DOCKAGE None
FLOOR Concrete, Tile Floor
FOR SALE/LEASE For Sale
KEY/ISLAND Marathon
LAND SIZE Less Than 1/4 Acre
OFF SHORE ISLAND No
PARCEL # 00334770-000000
PROPERTY TYPE C
ROOF Metal Roof
SIDE Bay/Gulf
SQFT SOURCE Property Data Card
STATUS Active
STYLE Commercial
TAX YEAR 2019
TYPE Auto Care
UTILITIES FKAA, Municipal Sewer
VEHICLE STORAGE Common Parking, Off Street Parking
VEHICLE STORAGE: CAR(S) 4+
WATERFRONT None
WATERVIEW No Waterview
WINDOWS/DOORS Glass Doors, Other Windows/Doors
ZONING RM - Residential Medium

ZESTIMATE
11600 Overseas Highway, MARATHON, FL

RENT ZESTIMATE
$ / mo.  11600 Overseas Highway, MARATHON, FL

46 Car-Dependent



 
CONTACT US ABOUT 11600 OVERSEAS HIGHWAY
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Listed with Coldwell Banker Schmitt Real Estate Co.
Realtor

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Florida Keys Home Search are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office. The information being provided is 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. IDX data is deemed reliable but is not guaranteed accurate by the MLS.