243 61 St Gulf St Marathon, FL 33050
This exceptional Marathon, Florida, hotel presents a rare investment opportunity. Boasting 13 uniquely renovated rooms across 9 buildings, this established motel features 11 valuable transient licenses. Each room is fully furnished and tastefully decorated in a tropical style, many with kitchenettes. The property includes a large Tiki Hut and Bar, currently leased for $6,000 monthly on a short-term agreement, and a food truck with seating. A full laundry room with commercial-grade equipment and ample storage are also on-site. The motel benefits from a long-term, efficient staff, online booking capabilities, and a high percentage of repeat customers. Situated on six lots totaling 0.56 acres (24,384 sq ft), the property offers ample off-street parking. Zoned GC for Hotel/Motel use, it includes deeded waterfront access at the end of 61st Street, complete with a boat ramp and staging area. Established in the mid-1950s, this well-maintained property has been under the same family ownership since 2010 and consistently generates substantial net income. Seller financing may be considered for qualified buyers with a 40-50% down payment
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.