Description
Redevelopment opportunity with 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 for this redevelopment opportunity. 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, schools & shopping. 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 a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three 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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4BEDS
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0.23ACRES
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3BATHS
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01/2 BATHS
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3,220SQFT
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$304$/SQFT
School Ratings & Info
Description
Redevelopment opportunity with 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 for this redevelopment opportunity. 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, schools & shopping. 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 a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three 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 '
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 Caroline Bauer | Key West Sales, LLC are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.