Real Estate Florida Keys
Lela Ashkarian
855 534 4715855 534 4715

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

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PRICE $1,750,000
SIZE 7,130 sq ft
LOT SIZE 13,000 sqft

5.7% CAP to end of Lease term 2-28-22, 6% CAP to end of Lease term 2-28-27, 6.5% CAP to end of lease term 2-29-32. Current Lease ends March of 2022. There are two, 5-year options in place for an additional 10 years with a 10% increase in rent on each option. NNN + Lease with no expenses to the owner whatsoever. Tenant has been there 28 years since 1992 and has another 12 years to go. 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, new insulation, new breaker boxes, updated bathroom and added extra bathroom in 2018.

DAYS ON MARKET 37 LAST UPDATED 5/15/2020
YEAR BUILT 1974 COMMUNITY 15 - Sombrero Bch Rd to Vaca Cut Gulfside
COUNTY Monroe TOTAL PARKING 10
STATUS Active PROPERTY TYPE(S) Commercial


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



 
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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.