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Property Description

Waterfront motel and marina property in Marathon offered with thirteen transferable transient building rights, highway frontage, and redevelopment potential.Sea Cove is located on Overseas Highway with approximately 200 feet of US-1 frontage, more than two acres of buildable uplands, and additional bay bottom ownership. The property has a long history of marina and lodging use and includes an existing boat ramp with direct boating access. The site has historically supported motel operations, marina services, and small retail activity.The offering includes the real estate together with thirteen transferable transient building rights that allow nightly rental use within the City of Marathon, subject to zoning and City approval if relocated.Previous planning and engineering work studied redevelopment of the site as a marina focused project. Concept plans illustrate a dry boat storage structure of approximately 33,000 square feet accommodating roughly 150 dry racks together with approximately 30 wet slips. Prior discussions have also included extended dockage approaching 550 feet and potential marina services including fueling facilities, subject to required approvals.The site includes significant waterfront area together with bay bottom ownership that has historically supported dockage and marina activity.Showings by appointment only. Please do not visit the property or speak with employees without listing agent present.

Overview

Property Status
For Sale
Lot Size
2.4 Acres
MLS ID
618856
Property Type
Commercial
Year Built
1957

Features & Amenities

Total Area
5,735 Sq.Ft.
Neighborhood
Marathon
Water Frontage
Open Water
View Description
Open Water View, Harbor/Marina View
Stories
1
Utilites
FKAA, Buyer to Verify, Municipal Sewer
Lot Features
2 Less Than 5 Acres
Parking
Common Parking, Trailer Storage, Off Street Parking, Guest Parking
Appliances
No Appliances
HOA Amenities
None
Sales Price
$8,750,000
Real Estate Tax
$19,477/yr
Zoning
MU - Mixed Use Commercial Mixed Use

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12685 Overseas Highway

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