400 Sadowski

Key Colony, FL 33051
  • $6,598,000
  • STATUS: Active
  • ON SITE: 190 days
  • MLS #: 585591
UPDATED: 68 min ago
$6,598,000
  • 0
    BEDS
  • 1.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,975
    SQFT
  • $946
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1961
County:

School Ratings & Info

Description

This marina property located in City of Key Colony Beach, contains approx, 55,157 square ft or 1.27 acres of upland area, plus 0.62 acres or 27,007 sq ft of submerged land, frontage of 685 linear ft along Sadowski Causeway and 110 ft in depth to the easterly boundary of Bone Fish Bay with approx 1,060 linear ft of sea wall. There are 33 wet boat slips, dive shop, bait shop and small Tiki Hut, ample parking. Each slip has separate water and electric meters and sewer pump-out. There is a fuel dock with 3, dual-dispensers for diesel and gasoline, a 3-tank above ground fuel tank enclosure (1 @4,000 gallons-gasoline, 2@6,000 gallons-diesel). The site contains approx 1,060 linear ft of sea wall.The property is accessed from the Sadowski Causeway leading northerly to US Highway 1 and southerly to Ocean Drive in Key Colony Beach as well as from the Florida Straits via Bonefish Bay. There is the possibility for developing the property by moving the liveaboard rights from the slips to the upland for residential development. Gross revenue from the waterfront restaurant (demolished after hurricane. Can be rebuilt on original footprint) of between $1,500,000 (2017) and $1,900,000 (2016). The revenue as an operating restaurant should increase the capital.

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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 Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.islandhomeskeywest.com/homes/94597419

400 Sadowski Key Colony, FL 33051

  • Price: $6,598,000
  • Status: Active
  • Updated: 68 min ago
  • MLS #: 585591
0
Beds
0
Baths
0
½ Baths
1.27
Acres
6,975
SQFT
$946
$/SQFT
1961
Built
Neighborhood:
Marina Sub (54.0)
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Property Description
This marina property located in City of Key Colony Beach, contains approx, 55,157 square ft or 1.27 acres of upland area, plus 0.62 acres or 27,007 sq ft of submerged land, frontage of 685 linear ft along Sadowski Causeway and 110 ft in depth to the easterly boundary of Bone Fish Bay with approx 1,060 linear ft of sea wall. There are 33 wet boat slips, dive shop, bait shop and small Tiki Hut, ample parking. Each slip has separate water and electric meters and sewer pump-out. There is a fuel dock with 3, dual-dispensers for diesel and gasoline, a 3-tank above ground fuel tank enclosure (1 @4,000 gallons-gasoline, 2@6,000 gallons-diesel). The site contains approx 1,060 linear ft of sea wall.The property is accessed from the Sadowski Causeway leading northerly to US Highway 1 and southerly to Ocean Drive in Key Colony Beach as well as from the Florida Straits via Bonefish Bay. There is the possibility for developing the property by moving the liveaboard rights from the slips to the upland for residential development. Gross revenue from the waterfront restaurant (demolished after hurricane. Can be rebuilt on original footprint) of between $1,500,000 (2017) and $1,900,000 (2016). The revenue as an operating restaurant should increase the capital.
Exterior Features

Construction Other Construction Dockage Boat RampBoat Slip Dockage Seawall Concrete Land Size 1 Less Than 2 Acres Side Ocean Style Commercial Waterfront Bay Front Waterfront YN Yes Waterview Canal ViewHarbor/Marina View

Interior Features

Appliances Other Yes Net Leasable Area 6975.00

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City Key Colony Commercial Type Apartment 3 Or MoreMarinaOther ServicesRetail Control Depth 6 Fee Includes None Flood Zone AeAeAe Listing Board Marathon/Lower Keys Mile Marker 54.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Tax Year 2017 Taxes 19525.61 Total Units 0.00 Utilities Buyer To VerifyFkaaMunicipal Sewer Zoning B - 1 - Key Colony Business Res

Listing courtesy of Kathleen C Morgan of Century 21 Island Life Bpk.


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 Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
Brenda Donnelly Group | Berkshire Hathaway HomeServices | Knight & Gardner Realty
336 Duval Street
Key West FL, 33040