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3920 Louisa Street

Marathon, FL 33050
  • $675,000
  • STATUS: Closed
  • ON SITE: 372 Days
  • MLS #: 603170
Sold - 07/14/2023
$675,000
SOLD - 07/14/2023
  • 4
    BEDS
  • 0.23
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,220
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

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 '

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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 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.
www.keywestsales.com/homes/134922288
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3920 Louisa Street Marathon, FL 33050

  • Price: $800,000
  • Status: Closed
  • On Site: 372 Days
  • Updated: 56 min ago
  • MLS #: 603170
4
Beds
3
Baths
0
½ Baths
0.23
Acres
3,220
SQFT
$0
$/SQFT
1975
Built
Neighborhood:
Marathon Beach (49.0)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property 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 '
Exterior Features

Above Flood Unknown Construction Concrete Dockage None Land Size Less Than 1/4 Acre Lot Size 200 X 50 Pool YN No Side Bay/Gulf Stories 2 Stories Style Multi-Units Vehicle Storage Off Street Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances No Appliances

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Auction No Bank Owned No Bank Owned Financial Status No City Marathon Condition Fixer Upper Control Depth 0 Deed Restrictions Unknown Fee Includes None Flood Zone AeAe Listing Board Key West Association Mile Marker 49.00 Pets Pets Allowed Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup No Rentals Allowed With Restrictions Sq Ft Source Tax Records Tax Exemptions None Tax Year 2022 Taxes 5586.75 Title Title Ins - Buyer Utilities Buyer To VerifySewer Available 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 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.
 
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Caroline Bauer | Key West Sales, LLC
22 Allamanda Avenue
Key West FL, 33040