$14,000,000

90611 Old Highway

Plantation Key FL, 33070

Description

Islamorada boutique 47 transient unit motel. 42 all concrete existing canal front motel units, 2 pools and restaurant on 650 foot of deep water dockage. There are an additional 5 units/TDR's and 429 SqFt of commercial space banked with the Village of Islamorada. The documentation for the additional 5 TDR's and 429 SqFt are under the documents tab for their clients review. The entire resort has been luxuriously remodeled. Silent A/Cs in every room. Private balconies and room side dockage with immediate Ocean/Bay access. Ideal for additional revenue sources from - Dive/Snorkel boats, Fishing charters, Boat rentals. Adjacent to paddle board shop, fisheries and bar. Walking distance to both the schools grade 1-12, shopping center and hospital. Only minutes by boat to the coral reefs.

Details

MLS#587284
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Year1973
Days On Site204

Features

SQ Feet25,825
Story(s)2
Units47
ZoningHC - Highway Commercial

Market Activity 33070

Loading Form

Loading Form

Area Information

StateFL
CountyMonroe
CityPlantation Key
Zip Code33070
AreaIslamorada
SubareaOutside of Key West
Listing VS Median (in 33070)
Price:
$14,000,000
low | high
Med:
$550,000
100% of Average
SqFt:
25,825
low | high
Med:
0
100% of Average
$ / SqFt:
$542
low | high
Med:
$0
100% of Average
On Site:
204
low | high
Med:
315.5
64.659270998415% of Average
Listing Updated: 04/01/2020
MLS Number: 587284
Listing Provided By:
Bud Cornell  of  Cornell Commercial Real Estate Inc.