$1,699,999

11600 Overseas Highway

Marathon FL, 33050

Description

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

Details

MLS#590653
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1974
Days On Site311

Features

SQ Feet7,130
Story(s)1
ZoningRM - Residential Medium

Market Activity 33050

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Area Information
StateFL
CountyMonroe
CityMarathon
Zip Code33050
AreaMiddle Keys
Listing VS Median (in 33050)
Price:
$1,699,999
low | high
Med:
$439,000
100% of Average
SqFt:
7,130
low | high
Med:
875
100% of Average
$ / SqFt:
$238
low | high
Med:
$502
60.596913576808% of Average
On Site:
311
low | high
Med:
10
100% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:09:15 PM PST
Listing Provided By: Samuel Davis Williams of Coldwell Banker Schmitt Real Estate Co.
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.