Property profile

243 61 St Gulf St Marathon, FL 33050

OFF-MARKET
Commercial real estate
Built 1954
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Commercial real estate
Year built 1954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

243 61 St Gulf St Marathon, FL 33050
Marathon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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