3920 Louisa Street

Marathon, FL 33050 / Marathon Beach (49.0)

MLS ID# 604529 Active

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$979,000

0.23 Lot Acres

200 X 50 Lot Dim

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• Description
• Location, Tax & Legal
• General Property Description
• Details

Description

Redevelopment opportunity in MU zoning. THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses (see attachment). According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, school, shopping, restaurant & bars. This is a duplicate entry because existing structure can not be kept & must be leveled so you are basically buying a vacant lot with ROGOs. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with an empty lot & a clean slate. Historically, this parcel had residential use with dwelling units in two separate buildings. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Buyer to verify utilities. Currently 3 ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: ''https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '' Redevelopment opportunity in MU zoning. THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses (see attachment). According to the MLS, a same sized lot ... show more

Location, Tax & Legal

• Street # 3920
• Street Name Louisa
• Street Suffix Street
• Key/Island Marathon
• City MARATHON
• State/Province FL
• Zip Code 33050
• County Monroe
• Subdivision Marathon Beach (49.0)
• Mile Marker 49
• Area 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
• Marathon Neighborhood Old Town East (25th to Sombrero)
• Side Bay/Gulf
• Flood Zone AE
• Alternate Key # 1415014
• Parcel # 00337360-000000
• Zoning MU - Mixed Use Commercial Mixed Use
• Deed Restrictions Unknown
• Taxes 5586.75
• Tax Year 2022

General Property Description

• Realtor.COM Type Vacant Land
• Waterfront No
• Control Depth 0
• Lot Dimensions 200 X 50
• Lot SqFt 10000
• Total Lots 1

Details

• Assoc/Misc Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Miscellaneous Info

  No Mobile Home Lot

• Tax Exemptions

  None

• Waterfront

  None

• Dockage

  None

• Waterview

  No Waterview

• BuildingPermit

  No Permit

• Show

  Call List Agent, Sign on Property

• Property Rights

  Multi-Use/Commercial

• Financial Status

  No Bank Owned, No Potential Short Sale