295 51St Street Gulf Marathon, FL 33050

Property Details for 295 51St Street Gulf

Year built

1953

Lot size

12,666.00 lot acres

Property size

12,666 SF

Property type

Commercial real estate

Description

This exceptional six-unit multi-family property in Marathon, Florida, presents a lucrative investment opportunity. Located at 295 51st Street Gulf, this mixed-use commercial property boasts 12,666 square feet on a 12,666 square foot lot and features three buildings arranged around a tranquil courtyard with a pool, tiki bar, and grill. The property includes five efficiency units and one two-bedroom, two-bathroom unit, each meticulously remodeled with tile floors, impact windows, updated AC systems, modern appliances, custom cabinets, and quartz countertops. Ample off-street parking accommodates over eight vehicles. Built in 1953, the single-story buildings are zoned MU-Mixed Use Commercial, offering six transferable building rights (TBRs). The asking price is $2,200,000, translating to $173.69 per square foot and $366,666.67 per unit. The net rentable square footage is 2,614 square feet. This property's versatility allows for various uses, including short-term rentals, long-term leases, or commercial ventures. Convenient access from both 51st and 50th Streets enhances its appeal. Proof of funds or bank pre-approval is required.