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Property profile & analytics
FOR SALE
Manufacturing properties

15 Sea View Ave Conch Key, FL 33050

670 SF 0.25 ac lot Built 1958
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-9491817
Property summary
AI-generated overview

This exceptional Marathon, Florida commercial property, located at 15 Seaview Avenue, encompasses three parcels: 15 Seaview Ave, 5 Seaview Ave, and a vacant lot (LT-69). The property boasts a substantial array of existing structures and equipment, ideal for various commercial ventures. A significant feature is a fish house, approximately 1000 square feet, equipped with a 20-foot blast freezer and a cooler/freezer (one unit is currently non-functional). Storage is provided by two 20-foot and one 30-foot shipping containers, supplemented by a Ted shed. A comprehensive surveillance system with 20 cameras enhances security. The property also includes a lean-to working area (approximately 20ft x 15ft) and an open-air covered working area. Significant waterfront access is available, with dockage capable of accommodating 15 boats. An active permit exists for the construction of a 612 square foot dock, with a completion deadline of early 2026, per the seller. Ice production is supported by two 1000 lb ice machines (one Hoshizaki, one cubed ice, one flake ice). Two leased 500-gallon double-walled gas tanks are included, with payoff expected by the end of 2024. The asking price for this unique and versatile property is $3,375,000. The property is zoned for commercial use and is located in Monroe County, Florida, zip code 33050.

Property profile
Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Year built 1958
Total area 670 SF
Lot 0.25 ac (11,010 SF)
APN 00386110-000000
UPID US18-9491817
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nichols Seafood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Gary Nichols · 18 yrs held
Gary Nichols
since 2007
6 recorded transactions
2018
Price N/A
2018
Price N/A
2007
$650,000
2004
$750,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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