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91 Ave A

Marathon, FL 33050
  • $6,999,997
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 601263
UPDATED: 19 min ago
$6,999,997
  • 1
    BEDS
  • 0.36
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 5,150
    SQFT
  • $1,359
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:

School Ratings & Info

Description

Extremely rare opportunity to purchase a Turn-Key Highly Established Florida Keys Boat Rental Business and Marina located in the heart of Marathon Florida in Coco Plum. Opportunity includes a Deep Waterfront Lot that has quick unobstructed access to the Atlantic Ocean & Gulf of Mexico with Boat Dockage including 8 Slips, a well-maintained 5150 sqft Elevated Metal Building, which has 6 roll up doors including multiple that are 14 Ft High, a Fully Built Out Office Space with 1st Floor Bathroom & Laundry, a Paint Booth, Plenty of interior Storage for Boats, an Upstairs 1400 sqft Legal Dwelling, which has been Renovated and includes 1 Bed, 1 Full Bath, a Living Room & Kitchen & Impact Resistant Windows. Business is known for having one of most impressive Pristine Fleet of Rental Boats in the entire Keys including 19 Twin Engine Boats ranging in size from 25ft to 34FT in length including 2 Brand New Boats . The maintenance schedule of the boats are impeccable with each Boat receiving Brand New Paint & New Upholstered Interiors with New Canvas on the T-Tops every 1 to 2 years, updated Electronics & they all received upgraded Twin Yamaha Motors over the last few years. There are 17 custom painted Aluminum Trailers for the Fleet, which are fully registered and road worthy. Also included in the sale is a 2017 Ford F 250 4x4 Work Truck. You will not find any other comparable opportunity available in all of the Keys as this business has been successfully operated since 2007, has an estimated 80% of its business from repeat customers, and at the current list price offers over an estimated 12% Annual CAP Rate with opportunities to easily expand the business & boost annual revenues. So, if you have been dreaming about moving to the Florida Keys and owning your business, you may have just found the perfect opportunity as day 1 of ownership you are cashflowing!!! Financials to be provided once NDA are fully executed.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.lowerkeyshomes.com/homes/129468510
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91 Ave A Marathon, FL 33050

  • Price: $6,999,997
  • Status: Active
  • On Site: 28 Days
  • Updated: 19 min ago
  • MLS #: 601263
1
Beds
1
Baths
1
½ Baths
0.36
Acres
5,150
SQFT
$1,359
$/SQFT
2001
Built
Neighborhood:
Coco Plum (54.6)
County:
Monroe
Area:
18 - East Of Holiday Inn Us #1 & Coco Plum
Property Description
Extremely rare opportunity to purchase a Turn-Key Highly Established Florida Keys Boat Rental Business and Marina located in the heart of Marathon Florida in Coco Plum. Opportunity includes a Deep Waterfront Lot that has quick unobstructed access to the Atlantic Ocean & Gulf of Mexico with Boat Dockage including 8 Slips, a well-maintained 5150 sqft Elevated Metal Building, which has 6 roll up doors including multiple that are 14 Ft High, a Fully Built Out Office Space with 1st Floor Bathroom & Laundry, a Paint Booth, Plenty of interior Storage for Boats, an Upstairs 1400 sqft Legal Dwelling, which has been Renovated and includes 1 Bed, 1 Full Bath, a Living Room & Kitchen & Impact Resistant Windows. Business is known for having one of most impressive Pristine Fleet of Rental Boats in the entire Keys including 19 Twin Engine Boats ranging in size from 25ft to 34FT in length including 2 Brand New Boats . The maintenance schedule of the boats are impeccable with each Boat receiving Brand New Paint & New Upholstered Interiors with New Canvas on the T-Tops every 1 to 2 years, updated Electronics & they all received upgraded Twin Yamaha Motors over the last few years. There are 17 custom painted Aluminum Trailers for the Fleet, which are fully registered and road worthy. Also included in the sale is a 2017 Ford F 250 4x4 Work Truck. You will not find any other comparable opportunity available in all of the Keys as this business has been successfully operated since 2007, has an estimated 80% of its business from repeat customers, and at the current list price offers over an estimated 12% Annual CAP Rate with opportunities to easily expand the business & boost annual revenues. So, if you have been dreaming about moving to the Florida Keys and owning your business, you may have just found the perfect opportunity as day 1 of ownership you are cashflowing!!! Financials to be provided once NDA are fully executed.
Exterior Features

Boat Slips 7 Building Height Ft 20.00 Construction Combo ConstructionSteel Reinforced Dockage Boat Slip Dockage Dock Wood Land Size 1/4 - 1/2 Acre Lot Size Under 1 Acre Miscellaneous FencingHigh VisibilityOverhead DoorsResidence On PremiseSecurity System Off Street Parking Yes Roof Metal Roof Side Ocean Style Commercial Vehicle Storage Common ParkingGuest ParkingOff Street ParkingTrailer Storage Waterfront Canal Front Waterfront YN Yes Waterview Canal View

Interior Features

Appliances DishwasherDryerRangeRefrigeratorWasher Cooling Heating Central A/C Floor ConcreteTile FloorWood Floor Interior Features Furnished Kitchens 1 Net Leasable Area 5150.00 Range Ovens 1 Refrigerators 1 Washers 1 Windows Doors Aluminum WindowsImpact Rstnce Window

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Tropical Boat Rental City Marathon Commercial Type Boat CareBoat Sales/ServiceMarina Control Depth 5 Deed Restrictions Affordable Housing Dryers 1 Electric 220 VoltCircuit BreakersSingle Phase Fee Includes None Fema List No Flood Zone AeAe Legal 5/4 66 33 FAT DEER KEY PT GOVT LOTS 2 & 6 (AKA LOT 2 & PT EASEMENT & PT ADJ CANAL UNRECORDED PLAT OF LIME GROVE ESTATES) Listing Board Marathon/Lower Keys Mile Marker 54.60 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Recorded Plat Yes Sq Ft Source Property Data Card Tax Year 2021 Taxes 9729.07 Terms Buyer Obtain FinanceNo Seller Finance Total Units 1.00 Utilities FkaaMunicipal Sewer Year Established 2007-08-08 Zoning Mu - Mixed Use Commercial Mixed Use

Listing courtesy of Kenny Matlock of No Nonsense Real Estate Branch Office.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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The Mullins Team | Coldwell Banker Schmitt Real Estate Company
1201 White Street, Suite 101
Key West FL, 33040