520 12Th Street Gulf Marathon, FL 33050
- Multifamily properties
Current Use by Public Records
- Multifamily properties
Property Details for 520 12Th Street Gulf
- Year built
- 1934
- Property type
- Multifamily properties
Description
This exceptional 3.2 million dollar investment opportunity presents a unique chance to acquire a substantial waterfront property in the desirable Marathon, Florida location. The offering encompasses more than one acre of prime waterfront land, along with an adjacent commercial lot (parcel ID 00101610-000300), significantly expanding development potential. Currently improved with an existing multifamily structure, this property is ideally suited for demolition and the construction of a new multifamily development tailored to meet specific needs and market demands. The expansive waterfront acreage provides unparalleled opportunities for creating a luxurious and highly sought-after residential complex. The inclusion of the adjacent commercial lot opens up a wide range of possibilities, allowing for the integration of complementary commercial uses to enhance the overall value and appeal of the development. The property's location in Marathon offers easy access to the vibrant community amenities and the stunning natural beauty of the Florida Keys. This is a rare chance to acquire a large-scale waterfront property with significant upside potential, allowing for a custom-designed development project in a highly desirable location. Detailed information and supporting documentation are available upon request. The existing multifamily structure is considered as-is. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marathon
- County
- Monroe
- State
- Florida
- Longitude
- -81.1126
- Latitude
- 24.70943
