243 61 St Gulf St Marathon, FL 33050

Property Details for 243 61 St Gulf St

Year built

1954

Property type

Commercial real estate

Description

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

Location Insight

City

Marathon

County

Monroe

State

Florida

Longitude

-81.0708

Latitude

24.7184